Optimal control of a dynamic production-inventory system with various cost criteria

DOI10.1007/S10479-023-05716-5MaRDI QIDQ6573350zbMATH OpenFDO

Authors Subrata Golui, Chandan Pal, R. S. Manikandan, Abhay Sobhanan

Publication date 16 July 2024

Published in Annals of Operations Research (Search for Journal in Brave)

zbMATH Keywords

production-inventory systempolicy iteration algorithmcontrolled Markov chaincost criterionvalue iteration algorithm

Mathematics Subject Classification ID

Queues and service in operations research (90B22) Queueing theory (aspects of probability theory) (60K25) Inventory, storage, reservoirs (90B05) Production models (90B30) Markov and semi-Markov decision processes (90C40) Optimal stochastic control (93E20)

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Cited in

(1)

• On the long-run average cost minimization problem of the stochastic production-inventory models

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