Author:
Benkherouf Lakdere,Aggoun Lakhdar
Abstract
In this article, we propose a new continuous-time stochastic
inventory model with deterioration and stock-dependent demand
items. We then formulate the problem of finding the optimal
impulse control schedule that minimizes the total expected return
over an infinite horizon, as a quasivariational inequality (QVI)
problem. The QVI is shown to lead to an (s, S)
policy, where s and S are determined uniquely as
a solution of some algebraic equations.
Publisher
Cambridge University Press (CUP)
Subject
Industrial and Manufacturing Engineering,Management Science and Operations Research,Statistics, Probability and Uncertainty,Statistics and Probability
Cited by
10 articles.
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