Dual-Sourcing via Dynamic Programming with Monte Carlo Value Approximation

In large scale global supply chains, the inventory cost sensitivity due to supplier disruption can be high. Dual-sourcing, a inventory policy which leverages two suppliers to minimize the cost of supplier disruption, is often applied to minimize the inventory cost in the face of uncertain lead times...

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Veröffentlicht in:	International Conference on System Theory, Control and Computing S. 315 - 322
1. Verfasser:	Liu, Larkin
Format:	Tagungsbericht
Sprache:	Englisch
Veröffentlicht:	IEEE 10.10.2024
Schlagworte:	Approximation algorithms Costs Dynamic programming Faces Heuristic algorithms Monte Carlo methods Monte Carlo Simulation Polynomials Production Science Sensitivity Supply chains Time complexity
ISSN:	2473-5698
Online-Zugang:	Volltext
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