Optimal inventory control policies for avoiding food waste.
Ioannis MallidisNikolaos SariannidisDimitrios VlachosVolha YakavenkaGeorgia AifadopoulouKonstantinos ZopounidisPublished in: Oper. Res. (2022)
Keyphrases
- inventory control
- inventory replenishment
- base stock policies
- periodic review
- finite horizon
- stochastic demand
- optimal policy
- supply chain
- demand distributions
- inventory models
- lost sales
- customer service
- lead time
- pricing strategies
- markov decision process
- dynamic pricing
- dynamic programming
- average cost
- infinite horizon
- customer demand
- supply chain management
- decision problems
- multistage
- inventory policy
- optimal solution
- decision making
- single stage
- optimal strategy
- total cost
- state space