Course – Periodic Review Inventory Managament

March 11, 2020 10.00 - 16.00 h

Capita selecta: Periodic Review Inventory Management and Markov Decision Processes

In this course participants learn:

  • to rehearse the basics on inventory management
  • to rehearse the basics on Markov Decision Processes
  • to discuss algorithms for finding optimal policies
  • to describe the structure of optimal policies including base stock models and (s,S)
  • policies for problems with setup costs
  • to discuss computational methods for finding optimal inventory policies
  • approximations of infinite‐horizon problems with finite‐horizon problems and average-cost
    problems with discounted ones.

More detailed information on the course on the GP-OML website.

Lecturer: Prof. Eugene Feinberg (Stony Brook University, NY)

Dates: 11 & 18 March 2020

Time: 10.00 – 16.00 h

Location: Utrecht, Boswell-Beta

Room: 1.20

ECTS: 0.5 (attendance only) – 2 (attendance & passing assignment)

Participation: free for TRAIL/Beta/OML members and PhD students of participating faculties

Registration: via the GP-OML website – click here

This course is part of the GP-OML program (www.GPOML.nl)

© 2020 Research School TRAIL