Optimal Inventory Control with Jump Diffusion and Nonlinear Dynamics in the Demand.
Jingzhen LiuKa Fai Cedric YiuAlain BensoussanPublished in: SIAM J. Control. Optim. (2018)
Keyphrases
- inventory control
- stochastic demand
- nonlinear dynamics
- finite horizon
- periodic review
- inventory replenishment
- supply chain
- lead time
- base stock policies
- inventory models
- customer service
- assembly systems
- customer demand
- single product
- pricing strategies
- infinite horizon
- demand distributions
- fixed cost
- inventory policy
- dynamic pricing
- lost sales
- inventory level
- holding cost
- supply chain management
- optimal policy
- neural network
- expected cost
- single period
- inventory systems
- optimal control
- ordering cost
- dynamic programming
- cost function