On the Optimality of ( ð ‘, 𠑆 ) Inventory Policies: A Quasivariational Approach

Lakdere Benkherouf

International Journal of Stochastic Analysis, 2008, vol. 2008, 1-9

Abstract:

This paper revisits the classical discrete-time stationary inventory model. A new proof, based on the theory of quasivariational inequality (QVI), of the optimality of ( ð ‘ , 𠑆 ) policy is presented. This proof reveals a number of interesting properties of the optimal cost function. Further, the proof could be used as a tutorial for applications of QVI to inventory control.

Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://downloads.hindawi.com/journals/IJSA/2008/158193.pdf (application/pdf)
http://downloads.hindawi.com/journals/IJSA/2008/158193.xml (text/xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hin:jnijsa:158193

DOI: 10.1155/2008/158193

Access Statistics for this article

More articles in International Journal of Stochastic Analysis from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().