MDP in Supply Chain: Optimal Inventory Control System
Journal Title: International Journal of Engineering and Science Invention - Year 2018, Vol 7, Issue 8
Abstract
In this article, we study a MDP based inventory control in a two stage Supply Chain. We consider a two stage Supply Chain having Distribution Center (DC) and Retail Vendor (RV) with their respective inventory systems and service facility. A two dimensional MDP is formulated and the optimal decision policy is obtained by Linear Programming technique. Some instances of a numerical is produced to study the behavior of the system.
Authors and Affiliations
P. K Santhi, C. Elango
Keywords
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