An Application of Regenerative Stochastic Processes to a Problem in Inventory Control.
Arthur P. HurterFrank C. KaminskyPublished in: Oper. Res. (1967)
Keyphrases
- inventory control
- stochastic processes
- stochastic process
- markov process
- supply chain
- stochastic models
- probability distribution
- steady state
- lead time
- markov processes
- random fields
- inventory level
- markov chain
- customer service
- random variables
- finite horizon
- supply chain management
- dynamic bayesian networks
- lost sales
- bayesian networks
- dynamic pricing
- fixed cost
- lot sizing
- monte carlo
- infinite horizon
- total cost