Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7543755 | Operations Research Letters | 2018 | 16 Pages |
Abstract
In this paper, we consider resource allocation strategies of a limited resource across two related channels in a multi-period setting. We study a stochastic control problem where the objective is to determine the optimal limited resource allocation policy across two related channels and optimal transshipment policy between these two channels. We characterize some structural results of the optimal resource allocation policy and show that it is determined by three monotone curves.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Wenbo Chen, Ming Dong,