An intuitive approach to inventory control with optimal stopping. In this research note, we show that a simple application of Breiman's work on optimal stopping in 1964 leads to an elementary proof that ( s , S ) policies minimize the long-run average cost for periodic-review inventory control problems.
Nov 16, 2020
Abstract. In this research note, we show that a simple application of Breiman's work on optimal stopping in 1964 leads to an elementary proof that ( s , S ) ...
May 30, 2023 · In this research note, we show that a simple application of Breiman's work on optimal stopping in 1964 leads to an elementary proof that (s, ...
Abstract. In this research note, we show that a simple application of Breiman's work on optimal stopping in 1964 leads to an elementary proof that (s,S) ...
Dec 16, 2023 · In this research note, we show that a simple application of Breiman's work on optimal stopping in 1964 leads to an elementary proof that (s ...
People also ask
What is the optimal stopping theory?
What are any four techniques of inventory control?
May 30, 2023 · In this research note, we show that a simple application of Breiman's work on optimal stopping in 1964 leads to an elementary proof that (s ...
The switching time is a stopping time and is based on the realization of the arrival process of defective items. In this paper, we study this problem under a ...
An intuitive approach to inventory control with optimal stopping. Article. May ... An optimal stopping approach for the end-of-life inventory problem. Article.
An intuitive approach to inventory control with optimal stopping · Business. European Journal of Operational Research · 2023.
We formulate an optimal stopping model with additional decisions to investigate when design refresh should be initiated and how part procurement and inventory ...