An Adaptive Algorithm for Finding the Optimal Base-Stock Policy in Lost Sales Inventory Systems with Censored Demand.
Woonghee Tim HuhGanesh JanakiramanJohn A. MuckstadtPaat RusmevichientongPublished in: Math. Oper. Res. (2009)
Keyphrases
- inventory systems
- lost sales
- periodic review
- lead time
- single stage
- base stock policy
- multi item
- stochastic lead times
- dynamic programming
- finite horizon
- lot sizing
- optimal solution
- base stock policies
- inventory models
- multistage
- optimal policy
- stochastic demand
- infinite horizon
- objective function
- inventory level
- transportation problem
- optimal strategy
- supply chain
- total cost
- search space
- np hard
- inventory control
- single item
- linear programming
- service level