On the optimality of \((s,S)\) inventory policies: A quasivariational approach
type: Item
instance of: scholarly article
title: On the optimality of \((s,S)\) inventory policies: A quasivariational approach
zbMATH Open document ID: 1153.90301
DOI: 10.1155/2008/158193
author: Lakdere Benkherouf
published in: Journal of Applied Mathematics and Stochastic Analysis
publication date: 2008-10-15T00:00:00Z
full work available at URL: https://eudml.org/doc/54982
review text: Summary: This paper revisits the classical discrete-time stationary inventory model. A new proof, based on the theory of quasivariational inequality (QVI), of the optimality of \((s,S)\) policy is presented. This proof reveals a number of interesting properties of the optimal cost function. Further, the proof could be used as a tutorial for applications of QVI to inventory control.
Mathematics Subject Classification ID: 90B05
zbMATH DE Number: 5351721
Wikidata QID: Q58645889
MaRDI profile type: Publication
OpenAlex ID: W2122668143
cites work: Q4393445
cites work: On the Opimality of $( {s,S} )$ Inventory Policies: New Conditions and a New Proof
cites work: Impulsive control in management: Prospects and applications
cites work: ON A STOCHASTIC INVENTORY MODEL WITH DETERIORATION AND STOCK-DEPENDENT DEMAND ITEMS
cites work: Optimality of an $(s, S)$ Policy with Compound Poisson and Diffusion Demands: A Quasi-variational Inequalities Approach
description: scientific article; zbMATH DE number 5351721