Optimizing (s, S) policies for multi-period inventory models with demand distribution uncertainty: Robust dynamic programming approaches
We consider a finite-horizon single-product periodic-review inventory managementproblem with demand distribution uncertainty. We formulate the problemas a dynamic program and prove the existence of an optimal (s, S) policy. Thecorresponding dynamic robust counterpart models are then developed for th...
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Main Authors: | QIU, Ruozhen, SUN, Minghe, LIM, Yun Fong |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2017
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5110 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6109/viewcontent/yflim_EJOR2017_complete.pdf |
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Institution: | Singapore Management University |
Language: | English |
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