Infinite Horizon Controlled Diffusions with Randomly Varying and State-Dependent Discount Cost Rates.
Xianggang LuGeorge YinXianping GuoPublished in: J. Optim. Theory Appl. (2017)
Keyphrases
- state dependent
- infinite horizon
- optimal policy
- average cost
- fixed cost
- optimal production
- holding cost
- base stock policy
- finite horizon
- long run
- dynamic programming
- markov decision processes
- arrival rate
- setup cost
- lost sales
- customer demand
- stochastic demand
- expected cost
- reinforcement learning
- state space
- periodic review
- production planning
- inventory policy
- multistage
- finite state
- asymptotically optimal
- steady state
- partially observable
- markov decision process
- queueing networks
- inventory level
- production process
- single item
- total cost
- optimal control
- queue length
- initial state
- inventory models
- stationary distribution
- single product
- production cost
- continuous state
- sufficient conditions
- single server
- machine learning
- search algorithm
- scheduling problem
- inventory management
- inventory control
- single stage