On a Conjecture of Iglehart

This paper gives an elementary proof of Iglehart's conjecture about the classical dynamic inventory model. This conjecture states that the minimal total expected cost for a planning horizon of n periods minus n times the minimal long-run average expected cost per period has a finite limit as n -> \infty for each initial stock.

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Year of publication:	1975
Authors:	Hordijk, Arie ; Tijms, Henk
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 21.1975, 11, p. 1342-1345
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.21.11.1342 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009197311