A note on the economic management of inventory or resource under stochastic prices

DOI10.1016/J.JSPI.2004.08.001MaRDI QIDQ2581660zbMATH OpenOpenAlexFDO

Authors Siwei Jia

Publication date 10 January 2006

Published in Journal of Statistical Planning and Inference (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jspi.2004.08.001

zbMATH Keywords

\(K\)-concavity\(S-s\) optimal policyIterated random mapsStochastic dynamic programmingStochastic inventory modelStochastic price model

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Management decision making, including multiple objectives (90B50) Markov and semi-Markov decision processes (90C40) Economic growth models (91B62)

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Cites work

• A stochastic model for the economic management of a renewable animal resource
• Controlled semi-Markov models - the discounted case
• Controlled semi-Markov models under long-run average rewards
• Economically optimal policies for the utilization of biologically renewable resources
• scientific article; zbMATH DE number 47283 (Why is no real title available?)
• scientific article; zbMATH DE number 3322720 (Why is no real title available?)

Cited in

(1)

• scientific article; zbMATH DE number 4076925 (Why is no real title available?)

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