Computing Optimal Solutions for Infinite-Horizon Mathematical Programs with a Transient Stage.
Richard C. GrinoldDavid S. P. HopkinsPublished in: Oper. Res. (1973)
Keyphrases
- infinite horizon
- optimal solution
- finite horizon
- long run
- optimal control
- optimal policy
- dynamic programming
- stochastic demand
- markov decision processes
- single item
- markov decision process
- lead time
- production planning
- state space
- partially observable
- average cost
- decision problems
- steady state
- fixed cost
- inventory control
- knapsack problem
- objective function
- real time
- inventory policy
- feasible solution
- reinforcement learning