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This article is cited in 8 scientific papers (total in 8 papers)
Analysis of a discrete semi-Markov model of continuous inventory control with periodic interruptions of consumption
P. V. Shnurkov, A. V. Ivanov Moscow State Institute of Electronics and Mathematics — Higher School of Economics
Abstract:
We consider a discrete stochastic model of inventory control based on a controlled semi-Markov process. Probabilistic characteristics of the semi-Markov process are found along with characteristics of a stationary cost functional connected with this process. It is proved that an optimal policy of inventory control is a deterministic one. Explicit analitical representation of stationary functional characterising the control quality is obtained. An optimal control problem is reduced to the solution of an extremal problem for a multivariate function.
Keywords:
inventory control, semi-Markov process, optimal control.
Received: 05.06.2012
Citation:
P. V. Shnurkov, A. V. Ivanov, “Analysis of a discrete semi-Markov model of continuous inventory control with periodic interruptions of consumption”, Diskr. Mat., 26:1 (2014), 143–154; Discrete Math. Appl., 25:1 (2015), 59–67
Linking options:
https://www.mathnet.ru/eng/dm1274https://doi.org/10.4213/dm1274 https://www.mathnet.ru/eng/dm/v26/i1/p143
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