Optimality of (σà,S)-type policies for a stationary multi-product inventory model with a canonical diffusion process as demand process

Optimality of (σà,S)-type policies for a stationary multi-product inventory model with a canonical diffusion process as demand process

0.00 Avg rating—0 Votes
Article ID: iaor19942112
Country: Germany
Volume: 26
Start Page Number: 129
End Page Number: 143
Publication Date: Feb 1992
Journal: Optimization
Authors:
Abstract:

The presented multi-product inventory problem is a special impulse-control problem of canonical diffusion processes and is considered within a general, time-discrete, Markovian decision model. A proof of the optimality of a (σ,S) type policy is given by using a policy iteration method.

Reviews

Required fields are marked *. Your email address will not be published.