Abstract
This paper is concerned with the optimality of (s, S) policies for a single-item inventory control problem which minimizes the total expected cost over an infinite planning horizon and where the demand is driven by a piecewise deterministic process. Our approach is based on the theory of quasi-variational inequality.
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The authors would like to thank two anonymous referees for careful reading of the paper.
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Benkherouf, L., Johnson, M. Optimality of (s, S) policies for jump inventory models. Math Meth Oper Res 76, 377–393 (2012). https://doi.org/10.1007/s00186-012-0411-8
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DOI: https://doi.org/10.1007/s00186-012-0411-8