Optimality inequalities for average cost MDPs and their inventory control applications.
Eugene A. FeinbergMark E. LewisPublished in: CDC (2004)
Keyphrases
- average cost
- inventory control
- finite horizon
- markov decision processes
- infinite horizon
- inventory models
- long run
- optimal policy
- finite number
- finite state
- optimal control
- linear program
- linear programming
- sufficient conditions
- multistage
- initial state
- lost sales
- supply chain
- markov decision process
- total cost
- markov decision problems
- action sets
- markov chain
- holding cost
- single item
- state space
- reinforcement learning
- partially observable
- column generation
- customer service
- steady state
- policy iteration
- average reward
- dynamic programming
- search space
- machine learning