Application of Average Dynamic Programming to Inventory Systems

Oscar Vega-Amaya*, Raúl Montes-De-Oca

*Autor correspondiente de este trabajo

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

10 Citas (Scopus)

Resumen

We show the existence of average cost (AC-) optimal policy for an inventory system with uncountable state space; in fact, the AC-optimal cost and an AC-optimal stationary policy are explicitly computed. In order to do this, we use a variant of the vanishing discount factor approach, which have been intensively studied in recent years but the available results not cover the inventory problem we are interested in.

Idioma originalInglés
Páginas (desde-hasta)451-471
Número de páginas21
PublicaciónMathematical Methods of Operations Research
Volumen47
N.º3
DOI
EstadoPublicada - 1998

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