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math.OC2017★ 1 cited
A Counterintuitive Example in Inventory Management
Kurt L. Helmes, Richard H. Stockbridge, Chao Zhu
The paper \cite{helm:17} studies an inventory management problem under a long-term average cost criterion using weak convergence methods applied to average expected occupation and…
math.OC2017
A Weak Convergence Approach to Inventory Control Using a Long-term Average Criterion
Kurt L. Helmes, Richard H. Stockbridge, Chao Zhu
This paper continues the examination of inventory control in which the inventory is modelled by a diffusion process and a long-term average cost criterion is used to make decisions…