Value of flexibility in a finite horizon decision process.
Leonardo P. SantiagoPirooz VakiliPublished in: CDC (2004)
Keyphrases
- decision process
- finite horizon
- optimal policy
- infinite horizon
- optimal stopping
- markov decision processes
- decision makers
- inventory models
- multistage
- decision support system
- decision making
- decision processes
- single product
- decision support
- inventory control
- markov decision process
- yield management
- average cost
- state space
- lot size
- optimal control
- decision problems
- random walk
- dynamic programming
- data analysis
- search algorithm
- optimal solution
- multi agent
- case study