Optimal policies for inventory systems with finite capacity and partially observed Markov-modulated demand and supply processes

DOI10.1016/J.EJOR.2009.10.029zbMath1181.90278OpenAlexW1980139210MaRDI QIDQ2267643

Kenan Arifoğlu, Süleyman Özekici

Publication date: 1 March 2010

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2009.10.029

zbMATH Keywords

dynamic programmingrandom environmentsufficient statisticsrandom yieldPOMDPfixed capacitymodified inflated base-stock policy

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Dynamic programming (90C39)

Related Items (11)

BAYESIAN ANALYSIS OF DOUBLY STOCHASTIC MARKOV PROCESSES IN RELIABILITY ⋮ Effect of timing on reliability improvement and ordering decisions in a decentralized assembly system ⋮ A Stochastic Inventory Model for a Random Yield Supply Chain with Wholesale-Price and Shortage Penalty Contracts ⋮ An integrated data-driven method using deep learning for a newsvendor problem with unobservable features ⋮ Inventory control with modulated demand and a partially observed modulation process ⋮ A periodic-review inventory system with a capacitated backup supplier for mitigating supply disruptions ⋮ Newsvendor models with dependent random supply and demand ⋮ Markov-modulated analysis of a spare parts system with random lead times and disruption risks ⋮ Reliability of semi-Markov missions ⋮ Hedging demand and supply risks in the newsvendor model ⋮ A Markov modulated Poisson model for software reliability

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Optimal policies for production/inventory systems with finite capacity and Markov-modulated demand and supply processes
• Inventory models with unreliable suppliers in a random environment
• Generalized renewal functions and stationary inventory models
• On the optimal control of partially observed inventory systems
• Adaptive Inventory Control for Nonstationary Demand and Partial Information
• An Inventory Model with Limited Production Capacity and Uncertain Demands I. The Average-Cost Criterion
• An Inventory Model with Limited Production Capacity and Uncertain Demands II. The Discounted-Cost Criterion
• State of the Art—A Survey of Partially Observable Markov Decision Processes: Theory, Models, and Algorithms
• A Periodic Review, Production Planning Model with Uncertain Capacity and Uncertain Demand—Optimality of Extended Myopic Policies
• Inventory Control with Information About Supply Conditions
• Optimality of (s, S) Policies in Inventory Models with Markovian Demand
• The Optimal Control of Partially Observable Markov Processes over a Finite Horizon
• Lot Sizing with Random Yields: A Review
• Periodic Review Production Models with Variable Capacity, Random Yield, and Uncertain Demand
• Inventory Control in a Fluctuating Demand Environment
• The Structure of Periodic Review Policies in the Presence of Random Yield

This page was built for publication: Optimal policies for inventory systems with finite capacity and partially observed Markov-modulated demand and supply processes