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mathematical programming-based dynamic programming approximations 1 model predictive control 1 multiproduct inventory management 1 network revenue management 1 rollout algorithms and policies 1
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Secomandi, Nicola 1
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Manufacturing & Service Operations Management 1
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An Analysis of the Control-Algorithm Re-solving Issue in Inventory and Revenue Management
Secomandi, Nicola - In: Manufacturing & Service Operations Management 10 (2008) 3, pp. 468-483
While inventory- and revenue-management problems can be represented as Markov decision process (MDP) models, in some cases the well-known dynamic-programming curse of dimensionality makes it computationally prohibitive to solve them exactly. An alternative solution, called here the...
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