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

DOI10.1080/02331939108843651zbMATH Open0729.90034OpenAlexW1986587370MaRDI QIDQ3354441FDOQ3354441

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

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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)

Cites Work

• Title not available (Why is that?)
• A Minimax Ordering Policy for the Infinite Stage Dynamic Inventory Problem
• The optimal reward operator in dynamic programming
• Alternative Theoretical Frameworks for Finite Horizon Discrete-Time Stochastic Optimal Control
• 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
• Title not available (Why is that?)
• On a Discounted Inventory Game
• Title not available (Why is that?)
• A NEW APPROACH FOR THE STOCHASTIC CASH BALANCE PROBLEM WITH FIXED COSTS
• MINIMAX STRATEGIES FOR AVERAGE COST STOCHASTIC GAMES WITH AN APPLICATION TO INVENTORY MODELS
• The \((S,s)\) policy is an optimal trading strategy in a class of commodity price speculation problems
• On inventory control models with a convex cost function
• Semi-Markov control models with partially known holding times distribution: discounted and average criteria
• The classical average-cost inventory models of Iglehart and Veinott-Wagner revisited

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