Sensitivity analysis and optimal ultimately stationary deterministic policies in some constrained discounted cost models.
Krishnamurthy IyerNandyala HemachandraPublished in: Math. Methods Oper. Res. (2010)
Keyphrases
- sensitivity analysis
- average cost
- stationary policies
- decision variables
- influence diagrams
- managerial insights
- markov decision processes
- dynamic programming
- optimal policy
- control policies
- expected cost
- demand distributions
- optimal solution
- finite state
- non stationary
- variational inequalities
- long run
- markov decision process
- production cost
- state space
- stochastic inventory control
- infinite horizon
- finite horizon
- holding cost
- minimum cost
- optimal control
- inventory policy