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What is Inventory Control in ATO Systems about?

The article discusses the optimal production and inventory control of an assemble-to-order system with multiple customer classes, focusing on a Markov decision process to determine production timing and inventory allocation. It establishes that a dynamic base-stock policy is optimal, with inventory levels influencing production decisions and customer order fulfillment. The study compares the performance of the optimal policy against heuristic policies, revealing that while the heuristics perform well, they

Author

kevinnprayoga

Language

EN