The Optimality of (s, S) Policies for a Stochastic Inventory Problem with Proportional and Lump-Sum Penalty Cost

DOI10.1287/mnsc.33.6.750zbMath0633.90016OpenAlexW1968286216MaRDI QIDQ3771938

A. Hamid Noori, Yash P. Aneja

Publication date: 1987

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.33.6.750

zbMATH Keywords

optimal policy\(K\)-convex\(n\)-period problemexpected total cost functionsingle product multi-period inventory problem

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Related Items (4)

Computing a Stationary Base-Stock Policy for a Finite Horizon Stochastic Inventory Problem with Non-linear Shortage Costs ⋮ Optimality of \((s,S)\) policies for a stochastic inventory model with proportional and lump-sum shortage costs ⋮ Optimal myopic policy for a stochastic inventory problem with fixed and proportional backorder costs ⋮ Stochastic inventory problem with piecewise quadratic holding cost function containing a cost-free interval

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