Inventory control with fixed cost and price optimization in continuous time

DOI10.11948/2018.805MaRDI QIDQ5147925zbMATH OpenOpenAlexFDO

Authors Sonny Skaaning, Janos Turi, Alain Bensoussan

Publication date 29 January 2021

Published in Journal of Applied Analysis & Computation (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.11948/2018.805

zbMATH Keywords

\((s,S,p)\) policyquasi-variational inequalitiesstochastic dynamic programmingstochastic inventory control

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Stochastic programming (90C15) Complementarity and equilibrium problems and variational inequalities (finite dimensions) (aspects of mathematical programming) (90C33) Dynamic programming (90C39) Optimal stochastic control (93E20)

Recommendations

• Base stock list price policy in continuous time
• Coordinating inventory control and pricing strategies: the continuous review model
• Dynamic inventory and pricing policy in a capacitated stochastic inventory system with fixed ordering cost
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case
• On the optimality of \((s,S)\) inventory policies: A quasivariational approach

Cites work

• A BVP solver based on residual control and the Maltab PSE
• A BVP solver that controls residual and error
• A continuous review inventory model with stochastic prices procured in the spot market
• Base stock list price policy in continuous time
• Combined pricing and inventory control under uncertainty
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Finite Horizon Case
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case
• Coordinating inventory control and pricing strategies: the continuous review model
• Dynamic programming and inventory control.
• scientific article; zbMATH DE number 3773426 (Why is no real title available?)
• scientific article; zbMATH DE number 3322720 (Why is no real title available?)
• On the optimality of \((s,S)\) inventory policies: A quasivariational approach
• Optimal Inventory Policy
• Optimality of an $(s, S)$ Policy with Compound Poisson and Diffusion Demands: A Quasi-variational Inequalities Approach
• Solving ODEs with MATLAB
• The Variability of Aggregate Demand with (S, s) Inventory Policies

Cited in

(7)

• Use of continuous-discrete optimal control in inventory problem
• Inventory Control with an Exponential Utility Criterion
• Optimal control of an inventory system under whole sale price changes
• Dynamic Inventory Control with Fixed Setup Costs and Unknown Discrete Demand Distribution
• Dynamic Inventory and Price Controls Involving Unknown Demand on Discrete Nonperishable Items
• Base stock list price policy in continuous time
• A nonlinear continuous time optimal control model of dynamic pricing and inventory control with no backorders

Describes a project that uses

Uses Software

• bvp4c

This page was built for publication: Inventory control with fixed cost and price optimization in continuous time

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5147925)