Comments on "Optimal Policies for a Multi-Echelon Inventory Problem".
Herbert E. ScarfPublished in: Manag. Sci. (2004)
Keyphrases
- multi echelon
- optimal policy
- assembly systems
- lead time
- multistage
- finite horizon
- inventory control
- markov decision processes
- infinite horizon
- state space
- decision problems
- reinforcement learning
- dynamic programming
- lost sales
- state dependent
- distribution systems
- long run
- finite state
- inventory level
- sufficient conditions
- lot sizing
- markov decision process
- service level
- asymptotically optimal
- average reward
- single item
- supply chain
- control policies
- initial state
- machine learning
- average cost
- holding cost
- random variables
- objective function
- sample path
- order quantity
- steady state
- search algorithm
- optimal control
- arrival rate