Controlled Markov processes on the infinite planning horizon: Weighted and overtaking cost criteria.
Emmanuel Fernández-GaucherandMrinal K. GhoshSteven I. MarcusPublished in: Math. Methods Oper. Res. (1994)
Keyphrases
- markov processes
- planning horizon
- total cost
- expected cost
- multi period
- fixed cost
- markov chain
- markov process
- production cost
- lot sizing
- stochastic processes
- lot size
- long run
- supply chain
- lead time
- service level
- cost function
- production planning
- optimal solution
- random fields
- production system
- non stationary
- multistage
- higher order
- inventory level
- optimal strategy
- cost sensitive
- setup cost
- dynamic programming