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Inventory 1 approximate optimal policy 1 base-stock policy 1 error analysis 1 stochastic and continuous demand 1
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GENG, WEI 1 LIU, JIANYONG 1 ZHAO, XIAOBO 1
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Asia-Pacific Journal of Operational Research (APJOR) 1
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ERROR ANALYSIS OF AN APPROXIMATE OPTIMAL POLICY FOR AN INVENTORY SYSTEM WITH STOCHASTIC AND CONTINUOUS DEMANDS
GENG, WEI; LIU, JIANYONG; ZHAO, XIAOBO - In: Asia-Pacific Journal of Operational Research (APJOR) 29 (2012) 06, pp. 1250039-1
paper provides an approach, by which an analytical bound of the error between the costs of the approximate optimal policy … and the optimal policy is given. It is shown that the approximate optimal policy converges to the optimal policy as the …
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