Optimal control of a production-inventory system with both backorders and lost sales

DOI10.1002/nav.20399zbMath1184.90005OpenAlexW3039010236MaRDI QIDQ3553744

Mohsen Elhafsi, Saif Benjaafar, Tingliang Huang

Publication date: 21 April 2010

Published in: Naval Research Logistics (NRL) (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/nav.20399

zbMATH Keywords

Markov decision processesadmission controlproduction and inventory controlmake-to-stock queuesinventory rationing

Mathematics Subject Classification ID

Approximation methods and heuristics in mathematical programming (90C59) Production models (90B30) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (12)

Admission and inventory control of a single-component make-to-order production system with replenishment setup cost and lead time ⋮ Optimizing a production-inventory system under a cost target ⋮ Inventory rationing and replenishment for an omni-channel retailer ⋮ On the decomposition property for a dynamic inventory rationing problem with multiple demand classes and backorder ⋮ Optimizing a single-product production-inventory system under constant absolute risk aversion ⋮ Optimal strategies of a production-inventory firm with debt repayment ⋮ Monotone optimal control for a class of Markov decision processes ⋮ Application of data envelopment analysis models in supply chain management: a systematic review and meta-analysis ⋮ Optimal control of a continuous-time \(W\)-configuration assemble-to-order system ⋮ Managing an integrated production and inventory system selling to a dual market: long-term and walk-in ⋮ Analytical study on multi-product production planning with outsourcing ⋮ A comparative study of production-inventory model for determining effective production quantity and safety stock level

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