Optimal control of a production-inventory system with customer impatience.
Saif BenjaafarJean-Philippe GayonSeda TepePublished in: Oper. Res. Lett. (2010)
Keyphrases
- optimal control
- production inventory
- infinite horizon
- holding cost
- dynamic programming
- control problems
- single product
- finite horizon
- base stock policy
- inventory level
- control strategy
- customer demand
- optimal control problems
- stochastic demand
- single item
- production planning
- reinforcement learning
- lost sales
- production rate
- customer service
- fixed cost
- markov decision process
- periodic review
- average cost
- queueing systems