Effective and simple EOQ-like solutions for stochastic demand periodic review systems.
Amit EynanDean H. KroppPublished in: Eur. J. Oper. Res. (2007)
Keyphrases
- infinite horizon
- stochastic demand
- periodic review
- inventory control
- single item
- optimal policy
- lead time
- dynamic programming
- optimal control
- finite horizon
- single product
- long run
- lost sales
- production planning
- single stage
- markov decision process
- lot sizing
- supply chain
- state space
- service level
- inventory systems
- markov decision processes