Infinite horizon optimal policy for an inventory system with two types of product sharing common hardware platforms
نویسندگان
چکیده
We consider a periodic review inventory system and present its optimal policy in the infinite horizon setting. The optimal inventory policy that maximizes the infinite horizon expected discounted profit for the model is analytically obtained by relating to the finite horizon setting using results from variational analysis. Results are provided that elucidate the operations of the inventory system in the long run.
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ورودعنوان ژورنال:
- Oper. Res. Lett.
دوره 45 شماره
صفحات -
تاریخ انتشار 2017