The value function of an infinite-horizon single-item lot-sizing problem.
Alejandro TorielloGeorge L. NemhauserPublished in: Oper. Res. Lett. (2012)
Keyphrases
- single item
- lot sizing
- infinite horizon
- wagner whitin
- multi item
- multistage
- finite horizon
- lead time
- production planning
- optimal control
- long run
- inventory systems
- dynamic programming
- stochastic demand
- markov decision processes
- optimal policy
- mixed integer programming
- upper bound
- periodic review
- setup cost
- combinatorial auctions
- holding cost
- markov decision process
- planning horizon
- average cost
- lot size
- fixed cost
- state space
- production system
- ordering cost