Stockpiling under price uncertainty and storage capacity constraints
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Publication:1169392
DOI10.1016/0377-2217(82)90247-8zbMath0494.90021MaRDI QIDQ1169392
Publication date: 1982
Published in: European Journal of Operational Research (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0377-2217(82)90247-8
inventory; optimal cost; stochastic dynamic programming; price uncertainty; optimal strategies; stationary Markov process; exogenous constant demand; known transition function; management of oil products; optimal policy making; stockpiling; storage capacity constraints
90C90: Applications of mathematical programming
90B05: Inventory, storage, reservoirs
90C39: Dynamic programming
93E20: Optimal stochastic control
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