Optimal strategies for an inventory system with cost functions of general form |
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| Authors: | H. Daduna P. S. Knopov L. P. Tur |
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| Affiliation: | (1) Hamburg University, Federal Republic of Germany;(2) Cybernetics Institute, National Academy of Sciences of Ukraine, Kiev, Ukraine;(3) International Research and Training Center of Information Technologies and Systems, National Academy of Sciences of Ukraine, Kiev, Ukraine |
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| Abstract: | For an inventory system with a continuous compact phase state and control set, the existence of the optimal (S, s)-policy is proved and an algorithm for determination of this policy based on stochastic approximation is presented. The cost functions are monotone, continuous, and of a rather general form. Translated from Kibernetika i Sistemnyi Analiz, No. 4, pp. 106–123, July–August, 1999. |
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| Keywords: | inventory control cost function inventory system |
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