Asymptotic Optimality of Constant-Order Policies for Lost Sales Inventory Models with Large Lead Times.
David A. GoldbergDmitriy A. Katz-RogozhnikovYingdong LuMayank SharmaMark S. SquillantePublished in: Math. Oper. Res. (2016)
Keyphrases
- lost sales
- inventory models
- lead time
- stochastic lead times
- optimal policy
- inventory systems
- inventory control
- sample path
- single stage
- demand distributions
- periodic review
- base stock policies
- infinite horizon
- finite horizon
- single period
- stochastic demand
- multi item
- order quantity
- holding cost
- inventory policy
- supply chain
- asymptotically optimal
- inventory level
- stochastic inventory
- single item
- setup cost
- expected cost
- planning horizon
- random variables
- lot sizing
- total cost
- decision problems
- dynamic programming