Markovian demand inventory models

DOI10.1007/978-0-387-71604-6MaRDI QIDQ930434zbMATH OpenOpenAlexFDO

Authors D. Beyer, Feng Cheng, Suresh P. Sethi, Michael Taksar

Publication date 30 June 2008

Published in International Series in Operations Research & Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/978-0-387-71604-6

zbMATH Keywords

dynamic programmingbase-stock policylong-run average costcontrolled Markov processvanishing discount approachinventory theoryMarkovian demandoptimal feedback policy\((s,S)\)-policy

Mathematics Subject Classification ID

Dynamic programming (90C39) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02) Applications of Markov renewal processes (reliability, queueing networks, etc.) (60K20) Inventory, storage, reservoirs (90B05)

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Cited in

(23)

• An approximation scheme for impulse control with random reaction periods
• Optimal policies for stochastic clearing systems with time‐dependent delay penalties
• A risk-averse inventory model with Markovian purchasing costs
• scientific article; zbMATH DE number 5734231 (Why is no real title available?)
• Optimal supplier inventory control policies when buyer purchase incidence is driven by past service
• Optimal replenishment rate for inventory systems with compound Poisson demands and lost sales: a direct treatment of time-average cost
• Optimality of \((s,S)\) policies for a stochastic inventory model with proportional and lump-sum shortage costs
• Stochastic setup-cost inventory model with backorders and quasiconvex cost functions
• Optimal inventory control with jump diffusion and nonlinear dynamics in the demand
• Inventory systems with stochastic and batch demand: computational approaches
• Continuous (s,S) policy with MMPP correlated demand
• A semi-Markov inventory control model
• Pricing and inventory control strategy for a periodic-review energy buy-back system
• Production-inventory systems in stochastic environment and stochastic lead times
• Inventory control with an order-time constraint: optimality, uniqueness and significance
• Steady state probabilistic characteristics of the on/off production rate control production-inventory system with MMPP demand arrivals
• Continuous inventory control with stochastic and non-stationary Markovian demand
• Diffusion appoximation in inventory management with examples of application
• Optimal production-inventory policy for a periodic-review energy buy-back system over an infinite planning horizon
• Models of multiproduct inventory control under steady demands
• An intuitive approach to inventory control with optimal stopping
• On the optimality equation for average cost Markov decision processes and its validity for inventory control
• Structure of optimal policies to periodic-review inventory models with convex costs and backorders for all values of discount factors

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