Optimality of \((s,S)\) policies for a stochastic inventory model with proportional and lump-sum shortage costs

DOI10.1016/j.orl.2010.02.008zbMath1193.90015OpenAlexW3123730857MaRDI QIDQ991457

Lakdere Benkherouf, Suresh P. Sethi

Publication date: 7 September 2010

Published in: Operations Research Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.orl.2010.02.008

zbMATH Keywords

inventory controlimpulse controlquasi-variational inequality

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Related Items (1)

Optimizing (\(s, S\)) policies for multi-period inventory models with demand distribution uncertainty: robust dynamic programing approaches

Cites Work

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• A Solvable One-Dimensional Model of a Diffusion Inventory System
• The Optimality of (s, S) Policies for a Stochastic Inventory Problem with Proportional and Lump-Sum Penalty Cost
• Optimality of (s, S) Policies in Inventory Models with Markovian Demand
• Inventory Control in a Fluctuating Demand Environment
• On the Opimality of $( {s,S} )$ Inventory Policies: New Conditions and a New Proof

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