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math.OC2015
Inventory Policies for Two Products under Poisson Demand: Interaction between Demand Substitution, Limited Storage Capacity and Replenishment Time Uncertainty
Apostolos N. Burnetas, Odysseas Kanavetas
We consider a two-product inventory system with independent Poisson demands, limited joint storage capacity and partial demand substitution. Replenishment is performed simultaneous…
stat.ML2015
Asymptotically Optimal Multi-Armed Bandit Policies under a Cost Constraint
Apostolos N. Burnetas, Odysseas Kanavetas, Michael N. Katehakis
We develop asymptotically optimal policies for the multi armed bandit (MAB), problem, under a cost constraint. This model is applicable in situations where each sample (or activati…