Simulating inventory systems with forecast based policy updating.

Manuel D. Rossetti Vijith Varghese Mehmet Miman Edward A. Pohl

Published in: WSC (2008)

Keyphrases

inventory systems
periodic review
multi item
single stage
lost sales
lot sizing
lead time
optimal policy
multistage
infinite horizon
asymptotically optimal
stochastic lead times
stochastic demand
single item
order quantity
state dependent
inventory models
single product
holding cost
finite horizon
expected cost