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Average cost optimality in inventory models with Markovian demands - MaRDI portal

Average cost optimality in inventory models with Markovian demands (Q1356092)

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scientific article; zbMATH DE number 1016903
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English
Average cost optimality in inventory models with Markovian demands
scientific article; zbMATH DE number 1016903

    Statements

    Average cost optimality in inventory models with Markovian demands (English)
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    4 June 1997
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    Markov chain
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    infinite horizon
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    ergodic cost
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    long-run average cost minimization
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    stochastic inventory
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    vanishing discount approach
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    optimal state-dependent \((s,S)\) policy
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