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Subject
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Dynamic programming 1 Dynamische Optimierung 1 Inventory model 1 Lagerhaltungsmodell 1 Lagermanagement 1 Theorie 1 Theory 1 Warehouse management 1
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Free 1
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Book / Working Paper 1
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English 1
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Bensoussan, Alain 1 Helal, Md Abu 1 Ramakrishna, Viswanath 1 Sethi, Suresh 1
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ECONIS (ZBW) 1
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Optimal Policies for Inventory Systems with Piecewise-Linear Concave Ordering Costs
Bensoussan, Alain - 2020
We study infinite-horizon stochastic inventory problems with general demand distributions and piecewise linear concave ordering costs. Such costs arise in the important cases of quantity discounts or multiple suppliers. We consider the case of concave cost involving two linear segments. This...
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