On the Infinite-Horizon Optimal Control of Age-Structured Systems.

Bernhard Skritek Vladimir M. Veliov

Published in: J. Optim. Theory Appl. (2015)

Keyphrases

optimal control
infinite horizon
dynamic programming
finite horizon
control strategy
stochastic demand
long run
optimal policy
average cost
optimal control problems
single item
production planning
fixed cost
markov decision process
partially observable
lost sales
multistage