Inventory planning in a deterministic environment: Continuous time model with concave costs

A planning horizon algorithm for determi

A planning horizon algorithm for deterministic inventory management with piecewise linear concave costs

✍ Alain Bensoussan; Jean-Marie Proth; Maurice Queyranne 📂 Article 📅 1991 🏛 John Wiley and Sons 🌐 English ⚖ 551 KB

We consider a single-product, discrete-time productioniinventory-control problem with nonstationary concave nondecreasing costs. Given a forecast horizon K . the problem is to find a decision horizon. We specialize to piecewise linear costs a general approach whereby a problem with horizon K + 1 and