Optimal Policies for Brownian Inventory Systems With a Piecewise Linear Ordering Cost
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DOI: 10.1109/tac.2016.2626790
Abstract: We consider a stochastic inventory system with general piecewise linear ordering cost. The cumulative demand is modeled as a Brownian motion process. The ordering cost function is neither convex nor concave; it may not be… read more here.
Keywords: ordering cost; cost; optimal policies; piecewise linear ... See more keywords