Abstract
Deep reinforcement learning (DRL) has shown great potential for sequential decision-making, including early developments in inventory control. Yet, the abundance of choices that come with designing a DRL algorithm, combined with the intense computational effort to tune and evaluate each choice, may hamper their application in practice. This paper describes the key design choices of DRL algorithms to facilitate their implementation in inventory control. We also shed light on possible future research avenues that may elevate the current state-of-the-art of DRL applications for inventory control and broaden their scope by leveraging and improving on the structural policy insights within inventory research. Our discussion and roadmap may also spur future research in other domains within operations management.
Original language | English (US) |
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Pages (from-to) | 401-412 |
Number of pages | 12 |
Journal | European Journal of Operational Research |
Volume | 298 |
Issue number | 2 |
DOIs | |
State | Published - Apr 16 2022 |
Externally published | Yes |
Keywords
- Inventory management
- Machine learning
- Neural networks
- Reinforcement learning
ASJC Scopus subject areas
- Information Systems and Management
- Computer Science(all)
- Industrial and Manufacturing Engineering
- Modeling and Simulation
- Management Science and Operations Research