Existence of efficient solutions in infinite horizon optimization under continuous and discrete controls.
Irwin E. SchochetmanRobert L. SmithPublished in: Oper. Res. Lett. (2005)
Keyphrases
- efficient solutions
- infinite horizon
- finite horizon
- bicriteria
- long run
- optimal control
- optimal policy
- stochastic demand
- dynamic programming
- bi objective
- single item
- heuristic methods
- markov decision processes
- production planning
- continuous variables
- fixed cost
- markov decision process
- dec pomdps
- lead time
- state space
- cost function
- average cost
- multiple objectives
- finite number
- upper bound
- holding cost
- special case
- optimal solution
- inventory policy
- reinforcement learning