The infinite horizon non-stationary stochastic multi-echelon inventory problem and near-myopic policies.
Tetsuo IidaPublished in: Eur. J. Oper. Res. (2001)
Keyphrases
- non stationary
- infinite horizon
- multi echelon
- lead time
- assembly systems
- periodic review
- holding cost
- demand distributions
- finite horizon
- inventory control
- optimal policy
- optimal control
- lost sales
- markov decision process
- single item
- supply chain
- long run average cost
- control policies
- stochastic demand
- inventory systems
- production planning
- average cost
- lot sizing
- inventory level
- service level
- markov decision processes
- single product
- long run
- inventory policy
- fixed cost
- order quantity
- optimal production
- inventory models
- multistage
- single period
- single stage
- total cost
- setup cost
- lot size
- partially observable markov decision processes
- random variables
- state space
- dynamic programming
- reinforcement learning
- supply chain management
- distribution systems
- multi item
- ordering cost
- graphical models