Optimality of (s, S) policies for jump inventory models

This paper is concerned with the optimality of (s, S) policies for a single-item inventory control problem which minimizes the total expected cost over an infinite planning horizon and where the demand is driven by a piecewise deterministic process. Our approach is based on the theory of quasi-variational inequality. Copyright Springer-Verlag Berlin Heidelberg 2012

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Year of publication:	2012
Authors:	Benkherouf, Lakdere ; Johnson, Michael
Published in:	Mathematical Methods of Operations Research. - Springer. - Vol. 76.2012, 3, p. 377-393
Publisher:	Springer
Subject:	Inventory control \| Impulse control \| Quasi-variational inequality

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010949994