Optimality of (s, S) policies for jump inventory models

Lakdere Benkherouf () and Michael Johnson ()

Mathematical Methods of Operations Research, 2012, vol. 76, issue 3, 377-393

Abstract: This paper is concerned with the optimality of (s, S) policies for a single-item inventory control problem which minimizes the total expected cost over an infinite planning horizon and where the demand is driven by a piecewise deterministic process. Our approach is based on the theory of quasi-variational inequality. Copyright Springer-Verlag Berlin Heidelberg 2012

Keywords: Inventory control; Impulse control; Quasi-variational inequality; 49J15; 49J40; 65C30 (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/s00186-012-0411-8

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