Revisiting the derivation of stage costs in infinite horizon discrete-time optimal control.
Christian FiedlerSebastian TrimpePublished in: MED (2022)
Keyphrases
- optimal control
- infinite horizon
- optimal control problems
- single item
- fixed cost
- average cost
- stochastic demand
- holding cost
- linear quadratic
- periodic review
- finite horizon
- dynamic programming
- production planning
- feedback control
- base stock policy
- partially observable
- reinforcement learning
- optimal production
- policy iteration
- control strategy
- ordering cost
- markov chain
- long run
- inventory models
- markov decision process
- lost sales
- total cost
- single stage
- inventory systems
- linear programming
- optimal solution
- production cost
- optimal policy
- multistage
- markov decision problems
- expected cost