5. An Inventory Model

  1. Linn I. Sennott

Published Online: 27 MAY 2008

DOI: 10.1002/9780470317037.ch5

Stochastic Dynamic Programming and the Control of Queueing Systems

Stochastic Dynamic Programming and the Control of Queueing Systems

How to Cite

Sennott, L. I. (1998) An Inventory Model, in Stochastic Dynamic Programming and the Control of Queueing Systems, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470317037.ch5

Author Information

  1. Illinois State University

Publication History

  1. Published Online: 27 MAY 2008
  2. Published Print: 16 SEP 1998

ISBN Information

Print ISBN: 9780471161202

Online ISBN: 9780470317037

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Keywords:

  • discounted finite horizon;
  • nonnegative integers;
  • capacitated system;
  • demand distribution;
  • inventory model

Summary

The prelims comprise:

  • Formulation of the MDC

  • Optimality Equations

  • An Approximating Sequence

  • Numerical Results