Stockpiling under price uncertainty and storage capacity constraints

DOI10.1016/0377-2217(82)90247-8zbMath0494.90021OpenAlexW2006670300MaRDI QIDQ1169392

Vangelis F. Magirou

Publication date: 1982

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0377-2217(82)90247-8

zbMATH Keywords

inventoryoptimal coststochastic dynamic programmingprice uncertaintyoptimal strategiesstationary Markov processexogenous constant demandknown transition functionmanagement of oil productsoptimal policy makingstockpilingstorage capacity constraints

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Inventory, storage, reservoirs (90B05) Dynamic programming (90C39) Optimal stochastic control (93E20)

Related Items (3)

Solution of the dynamic programming equation for a trading problem^∗ ⋮ Theoretical models of sales promotions: Contributions, limitations, and a future research agenda ⋮ Replenishment Policy with Limited Price Information

Cites Work

• Unnamed Item
• Dynamic programming and stochastic control
• Stochastic Prices in a Single-Item Inventory Purchasing Model

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