Solving a finite horizon EPQ problem with backorders
نویسندگان
چکیده
منابع مشابه
The Wiener Disorder Problem with Finite Horizon
The Wiener disorder problem seeks to determine a stopping time which is as close as possible to the (unknown) time of ’disorder’ when the drift of an observed Wiener process changes from one value to another. In this paper we present a solution of the Wiener disorder problem when the horizon is finite. The method of proof is based on reducing the initial problem to a parabolic free-boundary pro...
متن کاملSolving the Horizon Problem with a Delayed Big-bang Singularity
The hot Big-Bang standard model for the evolution of the universe, despite strong successes, lets unresolved a number of problems. One of its main drawbacks, known as the horizon problem, was until now thought to be only solvable by an inflationary scenario. Here is proposed a class of inhomogeneous models of universe, getting rid of some of the worst drawbacks of standard cosmology. The horizo...
متن کاملA Finite Horizon Optimal Multiple Switching Problem
We consider the problem of optimal multiple switching in finite horizon, when the state of the system, including the switching costs, is a general adapted stochastic process. The problem is formulated as an extended impulse control problem and completely solved using probabilistic tools such as the Snell envelop of processes and reflected backward stochastic differential equations. Finally, whe...
متن کاملThe finite horizon investor problem with a budget constraint
We study a model that incorporates a budget constraint in a decision making problem. Our goal is to maximize the expected wealth, where in each time period we can either stop the business getting our current wealth or to continue one additional time period and getting a random revenue. We show that when the wealth is scalar, the problem is NP-hard and we provide an FPTAS. However, when the weal...
متن کاملThe derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra
The EOQ model will have a century of its discovery in two years, and recently still, many researchers have been using alternative approaches to model and solve inventory systems. The EOQ/EPQ models have been developed using different optimization methods. However, in many of the works that deal with the EOQ/EPQ with backorders only linear backorders cost is considered. This paper proposes anoth...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2013
ISSN: 0307-904X
DOI: 10.1016/j.apm.2013.03.015