A diffusion inventory model for deteriorating items (Q1406113): Difference between revisions
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Revision as of 03:15, 5 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A diffusion inventory model for deteriorating items |
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A diffusion inventory model for deteriorating items (English)
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9 September 2003
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The authors consider the problem of finding the optimal impulse control schedule for a stochastic inventory model for deteriorating items. It is shown that this problem can be studied in the general frame of parabolic quasi variational inequalities. As a special case, they use this approach to solve the second-order obstacle problem. Some background material is also provided. It is a nice paper with interesting results. Such type quasi variational inequalities are being used to study the risk analysis in finance.
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quasi variational inequalities
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diffusion inventory model
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optimal impulse control schedule
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second-order obstacle problem
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risk analysis in finance
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