Supervised Learning for the (s,S) Inventory Model with General Interarrival Demands and General Lead Times
The continuous-review (s,S) inventory model is a cornerstone of stochastic inventory theory, yet its analysis becomes analytically intractable when dealing with non-Markovian systems. In such systems, evaluating long-run performance measures typically relies on costly simulation. This paper proposes a supervised learning framework via a neural network model for approximating stationary performance measures of (s,S) inventory systems with general distributions for the interarrival time between demands and lead times under lost sales. Simulations are first used to generate training […]