A weak convergence approach to inventory control using a long-term average criterion
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Publication:5215034
DOI10.1017/apr.2018.50zbMath1433.90019arXiv1702.01041MaRDI QIDQ5215034
Richard H. Stockbridge, Chao Zhu, Kurt Helmes
Publication date: 5 February 2020
Published in: Advances in Applied Probability (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1702.01041
weak convergence; inventory; impulse control; \((s,S)\) policy; long-term average cost; general diffusion model
90C30: Nonlinear programming
60J65: Brownian motion
90B05: Inventory, storage, reservoirs
93E20: Optimal stochastic control