Technical Note—A Dynamic Programming Formulation for Continuous Time Stock Control Systems
Ralph Snyder ()
Operations Research, 1975, vol. 23, issue 2, 383-386
Continuous review stock systems are considered in this paper. They are modeled using discrete time dynamic programming, which in contrast to previous continuous time formulations of the problem, yields a reasonable algorithm for computational purposes. The model is used to establish the optimal forms of stationary ordering policies under various cost assumptions.
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:23:y:1975:i:2:p:383-386
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