Optimal control policy for a Brownian inventory system with concave ordering cost

DOI10.1239/jap/1450802743zbMath1332.90029OpenAlexW2287641512MaRDI QIDQ2794715

Xiuli Chao, Jingchen Wu, Da-Cheng Yao

Publication date: 11 March 2016

Published in: Journal of Applied Probability (Search for Journal in Brave)

Full work available at URL: https://projecteuclid.org/euclid.jap/1450802743

zbMATH Keywords

\((s, S)\) policyBrownian inventory systemconcave ordering cost

Mathematics Subject Classification ID

Production models (90B30) Inventory, storage, reservoirs (90B05)

Related Items (7)

A production-inventory problem with price-sensitive demand ⋮ Optimal pricing and inventory control strategy for a continuous-review system with product return ⋮ Technical Note—On the Optimality of Reflection Control ⋮ Impulse Control with Discontinuous Setup Costs: Discounted Cost Criterion ⋮ Optimal pricing, production, and inventory for deteriorating items under demand uncertainty: the finite horizon case ⋮ A weak convergence approach to inventory control using a long-term average criterion ⋮ Ergodic inventory control with diffusion demand and general ordering costs

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