Stochastic state space in supply chains under AR(1) demand profiles.
Christos I. PapanagnouGeorge D. HalikiasPublished in: Int. J. Math. Oper. Res. (2011)
Keyphrases
- supply chain
- state space
- bullwhip effect
- inventory management
- lead time
- inventory control
- uncertain demand
- supply chain management
- customer demand
- planning horizon
- operating costs
- inventory policy
- safety stock
- market demand
- periodic review
- base stock policies
- reinforcement learning
- information sharing
- optimal policy
- demand uncertainty
- service level
- markov chain
- dual sourcing
- single period
- markov decision processes
- stochastic demand
- inventory systems
- production capacity
- dynamic pricing
- supplier selection
- decision making
- state dependent
- dynamical systems
- dynamic programming
- multi period
- product life cycle
- discrete event simulation
- monte carlo
- single item
- stochastic process
- pricing mechanism
- search space
- infinite horizon
- small and medium size
- holding cost
- lot size
- setup cost
- inventory level
- markov decision process
- robust optimization
- decision support system