Optimal Policy for a Multiechelon Inventory System with Remanufacturing.
Gregory A. DeCroixPublished in: Oper. Res. (2006)
Keyphrases
- optimal policy
- inventory level
- single stage
- inventory systems
- periodic review
- base stock policy
- optimal production
- lost sales
- infinite horizon
- multistage
- decision problems
- markov decision processes
- state dependent
- single product
- long run
- dynamic programming
- lead time
- finite horizon
- state space
- reinforcement learning
- base stock policies
- production planning
- multi item
- average reward
- expected cost
- inventory control
- production rate
- single period
- sufficient conditions
- stochastic demand
- lot sizing
- total cost
- inventory management
- optimal pricing
- fixed cost
- customer demand
- production cost
- markov decision process
- optimal control
- control policies
- inventory models
- planning horizon
- asymptotically optimal
- order quantity
- holding cost
- single item
- production system
- markov chain
- learning algorithm
- policy iteration