On the Optimality of (σ, S) Policies

DOI10.1287/moor.5.2.293zbMath0442.90021OpenAlexW2099104927MaRDI QIDQ3885474

Dieter Kalin

Publication date: 1980

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/moor.5.2.293

zbMATH Keywords

infinite horizondynamic programmingfinite horizonsetup costsufficient existence conditionsexistence of an optimal policyordering costgeneralization of quasi-convex functionsoptimality of (sigma,S) policiesperiodic review stochastic dynamic multiproduct inventory model

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Dynamic programming (90C39)

Related Items (10)

A lower bound on a class of coordinated inventory/production problems ⋮ Two-product inventory management with fixed costs and supply uncertainty ⋮ A new algorithm for a multi-item periodic review inventory system ⋮ Optimal inventory policies for a two-dimensional stochastic inventory model: a numerical investigation ⋮ Multiple items procurement under stochastic nonstationary demands ⋮ Optimality of (σS)-type policies for a stationary multi-product inventory model with a canonical diffusion process as demand process ⋮ Optimal policies in multiproduct inventory models ⋮ \(\mathcal{K}\)-convexity in \(\mathbb R^n\) ⋮ Stochastic multiproduct inventory models with limited storage ⋮ The Optimal Order Policy for a Capacitated Multiple Product Inventory System Under Symmetry

This page was built for publication: On the Optimality of (σ, S) Policies