Optimal policy for an inventory system with backlogging and all-units discounts: Application to the composite lot size model.
Luis Augusto San-JoséJuan García-LagunaPublished in: Eur. J. Oper. Res. (2009)
Keyphrases
- lot size
- finite horizon
- optimal policy
- infinite horizon
- multistage
- lead time
- lot sizing
- ordering cost
- probabilistic model
- markov decision processes
- state dependent
- monte carlo
- total cost
- lost sales
- state space
- setup cost
- reinforcement learning
- inventory models
- stochastic demand
- single item
- production planning
- sufficient conditions
- long run
- learning algorithm
- decision problems