$ (s, S) $ Inventory policies for stochastic controlled system of Lindley-type with lost-sales

$ (s, S) $ Inventory policies for stochastic controlled system of Lindley-type with lost-sales

This paper presents a characterization of $ (s, S) $-inventory policies for Lindley systems with possibly unbounded costs, where the objective is to minimize the expected discounted total cost by ordering (production) strategies. Moreover, the existence of a subsequence of minimizers of the value it...

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Bibliographic Details
Main Authors: Rubén Blancas-Rivera, Hugo Cruz-Suárez, Gustavo Portillo-Ramírez, Ruy López-Ríos
Format: Article
Language:English
Published: AIMS Press 2023-06-01
Series:AIMS Mathematics
Subjects:
markov control processes
lindley random walk
inventory control system
$ (s， s) $ policies
Online Access:https://www.aimspress.com/article/doi/10.3934/math.2023997?viewType=HTML

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https://www.aimspress.com/article/doi/10.3934/math.2023997?viewType=HTML

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