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

\((s,S)\)-policybase-stock policycontrolled Markov processdynamic programminginventory theorylong-run average costMarkovian demandoptimal feedback policyvanishing discount approach

Mathematics Subject Classification ID

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

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Cited in

(26)

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

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