On the convergence of optimal actions for Markov decision processes and the optimality of (s,S) inventory policies

DOI10.1002/NAV.21750zbMath1407.90014arXiv1507.05125OpenAlexW2963393762MaRDI QIDQ3120093

Eugene A. Feinberg, Mark E. Lewis

Publication date: 1 March 2019

Published in: Naval Research Logistics (NRL) (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1507.05125

zbMATH Keywords

Markov decision processinventory controloptimal policyoptimality inequalityaverage cost per unit time

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (8)

STOCHASTIC SETUP-COST INVENTORY MODEL WITH BACKORDERS AND QUASICONVEX COST FUNCTIONS ⋮ Continuity of discounted values and the structure of optimal policies for <scp>periodic‐review</scp> inventory systems with setup costs ⋮ Affinely adjustable robust optimization for a multi‐period inventory problem with capital constraints and demand uncertainties ⋮ Fatou's Lemma in Its Classical Form and Lebesgue's Convergence Theorems for Varying Measures with Applications to Markov Decision Processes ⋮ Average Cost Optimality Inequality for Markov Decision Processes with Borel Spaces and Universally Measurable Policies ⋮ Optimizing (\(s, S\)) policies for multi-period inventory models with demand distribution uncertainty: robust dynamic programing approaches ⋮ Fatou's Lemma for Weakly Converging Measures under the Uniform Integrability Condition ⋮ Continuity of equilibria for two-person zero-sum games with noncompact action sets and unbounded payoffs

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