Can Deep Reinforcement Learning Improve Inventory Management? Performance on Lost Sales, Dual-Sourcing, and Multi-Echelon Problems

Joren Gijsbrechts
Joren Gijsbrechts
[email protected]
https://orcid.org/0000-0002-0846-6855
Universidade Católica Portuguesa, Católica Lisbon School of Business and Economics, 1649-023 Lisbon, Portugal;
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,
Robert N. Boute
Robert N. Boute
[email protected]
https://orcid.org/0000-0003-2890-2797
Vlerick Business School, Technology and Operations Management Area, 3000 Leuven, Belgium;Katholieke Universiteit Leuven, Research Center for Operations Management, 3000 Leuven, Belgium;
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,
Jan A. Van Mieghem
Jan A. Van Mieghem
[email protected]
https://orcid.org/0000-0002-8954-7613
Kellogg School of Management, Northwestern University, Evanston, Illinois 60208;
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Dennis J. Zhang
Dennis J. Zhang
[email protected]
https://orcid.org/0000-0002-4544-775X
Olin Business School, Washington University in St. Louis, St. Louis, Missouri 63130
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Universidade Católica Portuguesa, Católica Lisbon School of Business and Economics, 1649-023 Lisbon, Portugal;

Vlerick Business School, Technology and Operations Management Area, 3000 Leuven, Belgium;Katholieke Universiteit Leuven, Research Center for Operations Management, 3000 Leuven, Belgium;

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Jan A. Van Mieghem

[email protected]

https://orcid.org/0000-0002-8954-7613

Kellogg School of Management, Northwestern University, Evanston, Illinois 60208;

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Dennis J. Zhang

[email protected]

https://orcid.org/0000-0002-4544-775X

Olin Business School, Washington University in St. Louis, St. Louis, Missouri 63130

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Published Online:17 Jan 2022https://doi.org/10.1287/msom.2021.1064

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msom.2021.1064.sm1.pdf

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cover image Manufacturing & Service Operations Management

Volume 24, Issue 3

May-June 2022

Pages 1261-1885, C2

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Received:November 05, 2019
Accepted:November 11, 2021
Published Online:January 17, 2022

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Joren Gijsbrechts, Robert N. Boute, Jan A. Van Mieghem, Dennis J. Zhang (2022) Can Deep Reinforcement Learning Improve Inventory Management? Performance on Lost Sales, Dual-Sourcing, and Multi-Echelon Problems. Manufacturing & Service Operations Management 24(3):1349-1368.

https://doi.org/10.1287/msom.2021.1064

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Can Deep Reinforcement Learning Improve Inventory Management? Performance on Lost Sales, Dual-Sourcing, and Multi-Echelon Problems

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