Geodesic
(s,S)-type policy for a production inventory problem with limited backlogging and with stockouts
Applicationes Mathematicae, Tome 24 (1997) no. 3, pp. 343-354 Cet article a éte moissonné depuis la source Institute of Mathematics Polish Academy of Sciences

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A production inventory problem with limited backlogging and with stockouts is described in a discrete time, stochastic optimal control framework with finite horizon. It is proved by dynamic programming methods that an optimal policy is of (s,S)-type. This means that in every period the policy is completely determined by two fixed levels of the stochastic inventory process considered.
DOI : 10.4064/am-24-3-343-354
Keywords: (s, S)-policy, inventory, dynamic programming, limited backlogging, k-convexity

Ryszarda Rempała 1

1 
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Ryszarda Rempała. (s,S)-type policy for a production inventory problem with limited backlogging and with stockouts. Applicationes Mathematicae, Tome 24 (1997) no. 3, pp. 343-354. doi: 10.4064/am-24-3-343-354

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