On the average-cost optimality equations and convergence of discounted-cost relative value functions for inventory control problems with quasiconvex cost functions.
Eugene A. FeinbergYan LiangPublished in: CDC (2017)
Keyphrases
- average cost
- control problems
- quasiconvex
- optimal control
- finite number
- infinite horizon
- holding cost
- cost function
- finite horizon
- inventory models
- reinforcement learning
- setup cost
- objective function
- hamilton jacobi bellman
- multicriteria optimization
- stationary policies
- total cost
- convex sets
- dynamic programming
- utility function
- long run
- convex functions
- approximate dynamic programming
- markov decision processes
- control strategy
- lost sales
- markov decision chains
- optimal policy
- expected cost
- convergence rate
- single item
- inventory control
- linear program
- mathematical model
- control policy
- linear programming
- markov decision problems
- adaptive control
- fixed cost
- inventory level
- markov decision process
- real time
- finite state
- machine learning
- lot sizing
- lead time
- multistage