On the optimality of (s, S)-strategies in a minimax inventory model with average cost criterion

DOI10.1080/02331939108843651MaRDI QIDQ3354441zbMATH OpenOpenAlexFDO

Authors Heinz-Uwe Küenle

Publication date 1991

Published in Optimization (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/02331939108843651

zbMATH Keywords

(s,S)-strategyK-convex functionsstochastic dynamic one-commodity inventory problemtwo-person Markov game

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Stochastic games, stochastic differential games (91A15) Other game-theoretic models (91A40)

Recommendations

• MINIMAX STRATEGIES FOR AVERAGE COST STOCHASTIC GAMES WITH AN APPLICATION TO INVENTORY MODELS
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Cites work

• scientific article; zbMATH DE number 3322720 (Why is no real title available?)
• A Minimax Ordering Policy for the Infinite Stage Dynamic Inventory Problem
• Alternative Theoretical Frameworks for Finite Horizon Discrete-Time Stochastic Optimal Control
• The optimal reward operator in dynamic programming
• Über die optimalität von strategien in stochastischen dynamischen minimax-entscheidungsmodellen I

Cited in

(12)

• Stochastic scheduling games with Markov decision arrival processes
• Non zero-sum stochastic games in admission, service and routing control in queueing systems
• Optimal strategies for an inventory system with cost functions of general form
• scientific article; zbMATH DE number 4116278 (Why is no real title available?)
• On a Discounted Inventory Game
• scientific article; zbMATH DE number 176087 (Why is no real title available?)
• A NEW APPROACH FOR THE STOCHASTIC CASH BALANCE PROBLEM WITH FIXED COSTS
• The \((S,s)\) policy is an optimal trading strategy in a class of commodity price speculation problems
• MINIMAX STRATEGIES FOR AVERAGE COST STOCHASTIC GAMES WITH AN APPLICATION TO INVENTORY MODELS
• Semi-Markov control models with partially known holding times distribution: discounted and average criteria
• On inventory control models with a convex cost function
• The classical average-cost inventory models of Iglehart and Veinott-Wagner revisited

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