A finite-horizon, stochastic optimal control policy for a production-inventory system with backlog-dependent lost sales

IIE Transactions (Institute of Industrial Engineers)

Volumn 42, Issue 12, 2010, Pages 855-864

  Singer, Gonen ^a   Khmelnitsky, Eugene ^b  

^a Afeka College   (Israel)

^b TEL AVIV UNIVERSITY   (Israel)

Author keywords

feedback optimal control; Inventory control; lost sales; perturbation analysis; state co state dynamics; stochastic modeling

Indexed keywords

FEEDBACK OPTIMAL CONTROLS; LOST SALE; PERTURBATION ANALYSIS; STATE DYNAMICS; STOCHASTIC MODELING;

CONTROL; FEEDBACK; INVENTORY CONTROL; OPTIMIZATION; PROCESS CONTROL; PRODUCTION CONTROL; RANDOM PROCESSES; RESOURCE VALUATION; SALES; STATE FEEDBACK; STOCHASTIC SYSTEMS;

STOCHASTIC CONTROL SYSTEMS;

EID: 77957897809     PISSN: 0740817X     EISSN: 15458830     Source Type: Journal    
DOI: 10.1080/0740817X.2010.491498     Document Type: Article

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