Stability of infinite-horizon optimal control with discounted cost.
Romain PostoyanLucian BusoniuDragan NesicJamal DaafouzPublished in: CDC (2014)
Keyphrases
- infinite horizon
- optimal control
- average cost
- fixed cost
- lyapunov function
- finite horizon
- holding cost
- dynamic programming
- stochastic demand
- inventory policy
- control strategy
- single item
- lost sales
- production planning
- periodic review
- partially observable
- reinforcement learning
- markov decision process
- inventory models
- lyapunov stability
- long run average cost
- base stock policy
- ordering cost
- setup cost
- inventory level
- long run
- optimal policy
- lot size
- production cost
- total cost
- steady state