Optimality of \((s,S)\) policies with nonlinear processes

DOI10.3934/dcdsb.2017008zbMath1360.90016OpenAlexW2559947868MaRDI QIDQ523979

Jingzhen Liu, Alain Bensoussan, Ka-Fai Cedric Yiu

Publication date: 25 April 2017

Published in: Discrete and Continuous Dynamical Systems. Series B (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/dcdsb.2017008

zbMATH Keywords

inventory control\((s,S)\) policynonlinear mean-reverting process

Mathematics Subject Classification ID

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

Related Items (3)

Designing cost-efficient inspection schemes for stochastic streamflow environment using an effective Hamiltonian approach ⋮ Analytical and numerical solutions to ergodic control problems arising in environmental management ⋮ Optimal Inventory Control with Jump Diffusion and Nonlinear Dynamics in the Demand

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