A comparative study on a firm's optimal production decision considering risk aversion and carbon policies.
Qi QiQingguo BaiJianteng XuQian FengPublished in: RAIRO Oper. Res. (2023)
Keyphrases
- inventory level
- optimal production
- risk aversion
- optimal policy
- expected cost
- lead time
- decision problems
- total cost
- production system
- state dependent
- risk averse
- production rate
- lost sales
- long run
- infinite horizon
- stochastic process
- decision making
- inventory control
- decision makers
- single product
- reinforcement learning
- markov decision processes
- dynamic pricing
- influence diagrams
- expected utility
- cost function
- production process
- decision theory
- dynamic programming
- production cost
- multistage
- random variables
- sufficient conditions
- supply chain
- state space
- computational complexity
- special case
- stationary distribution
- game theory
- service level
- optimal strategy