DocumentCode
3258310
Title
Inventory policy of N-period stochastic inventory model
Author
Du, Shitian
Author_Institution
Coll. of Math., Shandong Univ., Jinan, China
fYear
2011
fDate
8-10 Aug. 2011
Firstpage
343
Lastpage
346
Abstract
By using the method of finding solutions of inverted sequence of the continuous stochastic dynamic programming, we set up the stochastic inventory model for multi- periods with fixed order cost and nonlinear shortage and storage cost and the supreme policy (si,Si). A proof of this method and its practical example for the model are given.
Keywords
costing; dynamic programming; inventory management; stochastic programming; N-period stochastic inventory model; continuous stochastic dynamic programming; fixed order cost; inventory policy; nonlinear shortage; storage cost; supreme policy; Convex functions; Dynamic programming; Educational institutions; Equations; Mathematical model; Stochastic processes; Tin; convex function; density; stock management; strategy;
fLanguage
English
Publisher
ieee
Conference_Titel
Emergency Management and Management Sciences (ICEMMS), 2011 2nd IEEE International Conference on
Conference_Location
Beijing
Print_ISBN
978-1-4244-9665-5
Type
conf
DOI
10.1109/ICEMMS.2011.6015691
Filename
6015691
Link To Document