Variational approach of serial multilevel production/inventory systems (Q1123117): Difference between revisions
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| Language | Label | Description | Also known as |
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| English | Variational approach of serial multilevel production/inventory systems |
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Variational approach of serial multilevel production/inventory systems (English)
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1990
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We discuss stochastic, continuous-time models of serial multi-level production/inventory systems using quasi-variational inequalities. The value functions are characterized as maximum solutions of suitable equivalent problems. Then, we show how to construct optimal centralized policies and, if possible, decentralized policies. Finally, we present some numerical examples for the deterministic case.
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serial multi-level production/inventory systems
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quasi-variational inequalities
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optimal centralized policies
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decentralized policies
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continuous-time
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