Optimality of an $(s,S)$ Policy with Compound Poisson and Diffusion Demands: A Quasi-Variational Inequalities Approach

This paper revisits the paper of Bensoussan, Liu, and Sethi where they proposed a single item continuous-time inventory model where demand is a mixture of a diffusion process and a compound Poisson process. They showed that in a continuous review setting an (s, S) policy is optimal when the jump siz...

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Veröffentlicht in:	SIAM journal on control and optimization 2009-01, Vol.48 (2), p.756-762
Hauptverfasser:	Benkherouf, Lakdere, Bensoussan, Alain
Format:	Artikel
Sprache:	eng
Schlagworte:	Demand Diffusion Inequalities Inventories Inventory control Marketing Optimization Poisson distribution Policies Stockpiling Studies
Online-Zugang:	Volltext
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