On optimal inventory control with independent stochastic item returns.
Moritz FleischmannRoelof KuikPublished in: Eur. J. Oper. Res. (2003)
Keyphrases
- inventory control
- base stock policies
- periodic review
- assembly systems
- finite horizon
- supply chain
- stochastic demand
- inventory models
- dynamic programming
- demand distributions
- lead time
- customer service
- fixed cost
- single period
- optimal solution
- dynamic pricing
- single stage
- pricing strategies
- single product
- optimal control
- optimal policy
- stochastic model
- optimal strategy
- supply chain management
- monte carlo
- cost function