Article ID: | iaor20042703 |
Country: | Netherlands |
Volume: | 147 |
Issue: | 3 |
Start Page Number: | 522 |
End Page Number: | 529 |
Publication Date: | Jun 2003 |
Journal: | European Journal of Operational Research |
Authors: | Economou Antonis |
Keywords: | markov processes, programming: dynamic |
We consider a compound immigration process that can be controlled by the introduction of total catastrophes. Under a natural cost structure the average cost optimal policy is found to be of threshold type. Moreover we study the stationary distribution of the population size when the system operates optimally.