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A simple proof for optimality of (<i>s, S</i>) policies in infinite-horizon inventory systems - MaRDI portal

A simple proof for optimality of (<i>s, S</i>) policies in infinite-horizon inventory systems (Q3988120)

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scientific article; zbMATH DE number 32117
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English
A simple proof for optimality of (<i>s, S</i>) policies in infinite-horizon inventory systems
scientific article; zbMATH DE number 32117

    Statements

    A simple proof for optimality of (<i>s, S</i>) policies in infinite-horizon inventory systems (English)
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    28 June 1992
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    existence of a stationary \((s,S)\) inventory policy
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    total discounted cost
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    infinite horizon
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    average-cost model
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    unbounded one-step expected costs
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