Partially Observed Inventory Systems: The Case of Zero‐Balance Walk

DOI10.1137/040620321zbMath1190.90015MaRDI QIDQ5444231

Metin Ąkanyildirim, Suresh P. Sethi, Alain Bensoussan

Publication date: 25 February 2008

Published in: SIAM Journal on Control and Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1137/040620321

zbMATH Keywords

lost sales; partial observations; stochastic inventory problem; the zakai equation

Mathematics Subject Classification ID

93C41: Control/observation systems with incomplete information

90B05: Inventory, storage, reservoirs

90C39: Dynamic programming

93E20: Optimal stochastic control

Related Items

Optimal inventory control with shrinkage and observed sales, Partially observable Markov decision processes with partially observable random discount factors, Continuity of discounted values and the structure of optimal policies for <scp>periodic‐review</scp> inventory systems with setup costs, Inventory control with modulated demand and a partially observed modulation process, Bullwhip effect and supply chain costs with low- and high-quality information on inventory shrinkage, An incomplete information inventory model with presence of inventories or backorders as only observations, Computation of approximate optimal policies in a partially observed inventory model with rain checks, Inventory management with partially observed nonstationary demand, Optimal inventory decisions in a multiperiod newsvendor problem with partially observed Markovian supply capacities, Optimal inventory management for a retail chain with diverse store demands, Evaluation of cycle-count policies for supply chains with inventory inaccuracy and implications on RFID investments, Partially Observable Total-Cost Markov Decision Processes with Weakly Continuous Transition Probabilities