In this paper we consider a periodic review inventory problem with stochastic demand. The deviations from ideal order and inventory levels are penalized using a quadratic cost structure which includes a "cost-free" interval. If the order quantity or the inventory level is within the desired "cost-fr
✦ LIBER ✦
Stochastic inventory problem with piecewise quadratic holding cost function containing a cost-free interval
✍ Scribed by M. Parlar; R. Rempala
- Publisher
- Springer
- Year
- 1992
- Tongue
- English
- Weight
- 857 KB
- Volume
- 75
- Category
- Article
- ISSN
- 0022-3239
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📜 SIMILAR VOLUMES
A stochastic inventory problem with piec
✍
Mahmut Parlar; Ryszarda Rempala
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Article
📅
1992
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Elsevier Science
🌐
English
⚖ 453 KB
An optimal control problem with piecewis
✍
Mahmut Parlar; R. G. Vickson
📂
Article
📅
1980
🏛
John Wiley and Sons
🌐
English
⚖ 602 KB
## Abstract In this paper, we describe an exact solution method for the problem of optimally controlling a deterministic discrete linear system with piecewise quadratic cost functional containing a ‘dead‐zone’. This model generalizes the well‐known optimal control model for a linear system with (sy