ISSN:
1573-8337
Keywords:
inventory control system
;
controlled Markovian process
;
optimization
;
convex cost function
;
Bellman equation
Source:
Springer Online Journal Archives 1860-2000
Topics:
Computer Science
Notes:
Abstract Some controlled Markovian processes in discrete time in the context of optimization of inventory control systems are studied. Optimality of (s, S)-policies for the case of convex cost functions is proved using theorems on existence and uniqueness of a nonrandomized stationary optimal policy for Markovian processes with discrete time and a continuous control set for criteria characterizing mean costs per unit time and overestimated total costs and Bellman equations.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1009413511883