The importance of interoperability in a simulation prototype for spares inventory planning

The partially observable Markov decision process (POMDP) provides a principled general framework for robot planning under uncertainty. Leveraging the idea of Monte Carlo sampling, recent POMDP planning algorithms have scaled up to various challenging ...

In this paper, we consider the effects of deteriorating inventory on lot-sizing in material requirements planning systems. Five existing heuristics were extended to address the single-level lot-sizing problem with deteriorating inventory and evaluated ...

We study stochastic inventory planning with lost sales and instantaneous replenishment where, contrary to the classical inventory theory, knowledge of the demand distribution is not available. Furthermore, we observe only the sales quantity in each ...