Optimal Policy for Brownian Inventory Models with General Convex Inventory Cost-中国期刊网

摘要 Westudyaninventorysysteminwhichproductsareorderedfromoutsidetomeetdemands,andthecumulativedemandisgovernedbyaBrownianmotion.Excessivedemandisbacklogged.Wesupposethattheshortageandholdingcostsassociatedwiththeinventoryaregivenbyageneralconvexfunction.Theproductorderingfromoutsideincursalinearorderingcostandasetupfee.Thereisaconstantleadtimewhenplacinganorder.Theoptimalpolicyisestablishedsoastominimizethediscountedcostincludingtheinventorycostandorderingcost.

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Optimal Policy for Brownian Inventory Models with General Convex Inventory Cost

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Optimal Policy for Brownian Inventory Models with General Convex Inventory Cost

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