Stationary (s, s) policies for a finite horizon

Alan C. Wheeler

Naval Research Logistics Quarterly, 1972, vol. 19, issue 4, 601-619

Abstract: In the finite‐horizon stochastic (s, S) inventory model with periodic review the parameters of the optimal policy generally vary with the length of the horizon. A stationary policy, however, is easier to implement and may be easier to calculate. This paper studies optimal stationary policies for a finite horizon and relates them to optimal policies through their relation to optimal stationary policies for an infinite horizon.

Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:19:y:1972:i:4:p:601-619

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