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  • Search: subject:"Markov models: dynamic programming"
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Markov models: dynamic programming 1 approximations 1 dependent demand 1 inventory policies under uncertainty 1
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Lovejoy, William S. 1
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Stopped Myopic Policies in Some Inventory Models with Generalized Demand Processes
Lovejoy, William S. - In: Management Science 38 (1992) 5, pp. 688-707
This paper considers single-item inventory systems with immediate delivery and no economies of scale. Bounds are provided on the value loss relative to optimal cost for restricting attention to the class of inventory stocking policies that behave myopically up to a specified stopping time. The...
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