Technical Note—The Stochastic Discrete Dynamic Lot Size Problem: An Open-Loop Solution

J. B. Lasserre, C. Bes and F. Roubellat
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J. B. Lasserre: Laboratoire d'Automatique et d'Analyse des Systèmes du C.N.R.S., Toulouse, France
C. Bes: Laboratoire d'Automatique et d'Analyse des Systèmes du C.N.R.S., Toulouse, France
F. Roubellat: Laboratoire d'Automatique et d'Analyse des Systèmes du C.N.R.S., Toulouse, France

Operations Research, 1985, vol. 33, issue 3, 684-689

Abstract: We investigate the stochastic dynamic lot size model, taking into account probabilistic constraints on the state variable. Our approach is to obtain an open-loop solution by solving a new equivalent deterministic dynamic lot size problem with new parameters. We also discuss characteristics of the new equivalent deterministic problem and note, in particular, that the new formulation preserves concavity or convexity.

Keywords: 334 deterministic models; 362 open-loop solutions for stochastic models (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:33:y:1985:i:3:p:684-689

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