| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5128449 | Operations Research Letters | 2017 | 7 Pages |
Abstract
We consider a periodic review inventory system and present its optimal policy in the infinite horizon setting. The optimal inventory policy that maximizes the infinite horizon expected discounted profit for the model is analytically obtained by relating to the finite horizon setting using results from variational analysis. Results are provided that elucidate the operations of the inventory system in the long run.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Mabel C. Chou, Chee-Khian Sim, Xue-Ming Yuan,