Can deep reinforcement learning improve inventory management? performance on lost sales, dual-sourcing, and multi-echelon problems

J Gijsbrechts, RN Boute… - Manufacturing & …, 2022 - pubsonline.informs.org
Problem definition: Is deep reinforcement learning (DRL) effective at solving inventory
problems? Academic/practical relevance: Given that DRL has successfully been applied in …

[HTML][HTML] Deep reinforcement learning for inventory control: A roadmap

RN Boute, J Gijsbrechts, W Van Jaarsveld… - European Journal of …, 2022 - Elsevier
Deep reinforcement learning (DRL) has shown great potential for sequential decision-
making, including early developments in inventory control. Yet, the abundance of choices …

[HTML][HTML] Deep reinforcement learning for one-warehouse multi-retailer inventory management

I Kaynov, M van Knippenberg, V Menkovski… - International Journal of …, 2024 - Elsevier
Abstract The One-Warehouse Multi-Retailer (OWMR) system is the prototypical distribution
and inventory system. Many OWMR variants exist, eg demand in excess of supply may be …

Reward shaping to improve the performance of deep reinforcement learning in perishable inventory management

BJ De Moor, J Gijsbrechts, RN Boute - European Journal of Operational …, 2022 - Elsevier
Deep reinforcement learning (DRL) has proven to be an effective, general-purpose
technology to develop 'good'replenishment policies in inventory management. We show …

An application of deep reinforcement learning and vendor-managed inventory in perishable supply chain management

N Mohamadi, STA Niaki, M Taher… - Engineering Applications of …, 2024 - Elsevier
This article delves into the challenging supply chain management domain, explicitly
addressing the intricate issue of perishable inventory allocation within a two-echelon supply …

A deep q-network for the beer game: Deep reinforcement learning for inventory optimization

A Oroojlooyjadid, MR Nazari… - … & Service Operations …, 2022 - pubsonline.informs.org
Problem definition: The beer game is widely used in supply chain management classes to
demonstrate the bullwhip effect and the importance of supply chain coordination. The game …

[HTML][HTML] Inventory management of new products in retailers using model-based deep reinforcement learning

T Demizu, Y Fukazawa, H Morita - Expert Systems with Applications, 2023 - Elsevier
This study addresses the optimal inventory management problem for new smartphone
products as an effective example of a supply chain with a short product life cycle. The …

Use of proximal policy optimization for the joint replenishment problem

N Vanvuchelen, J Gijsbrechts, R Boute - Computers in Industry, 2020 - Elsevier
Deep reinforcement learning has been coined as a promising research avenue to solve
sequential decision-making problems, especially if few is known about the optimal policy …

Deep inventory management

D Madeka, K Torkkola, C Eisenach, A Luo… - arXiv preprint arXiv …, 2022 - arxiv.org
This work provides a Deep Reinforcement Learning approach to solving a periodic review
inventory control system with stochastic vendor lead times, lost sales, correlated demand …

[HTML][HTML] Algorithmic approaches to inventory management optimization

HD Perez, CD Hubbs, C Li, IE Grossmann - Processes, 2021 - mdpi.com
An inventory management problem is addressed for a make-to-order supply chain that has
inventory holding and/or manufacturing locations at each node. The lead times between …