Optimal production and inventory control of multi-class mixed backorder and lost sales demand class models

DOI10.1016/j.ejor.2020.09.009zbMath1487.90016OpenAlexW3085913810MaRDI QIDQ2029955

Jianxin Fang, Essia Hamouda, Mohsen Elhafsi

Publication date: 4 June 2021

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2020.09.009

zbMATH Keywords

productionMarkov decision processesmake-to-stock queuesinventory rationingapproximate policymixed lost sales and backorder demands

Mathematics Subject Classification ID

Production models (90B30) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (2)

A hybrid manufacturing system with demand for intermediate goods and controllable make-to-stock production rate ⋮ Stochastic dynamic programming heuristic for the \((R,s,S)\) policy parameters computation

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