 Cybernetics and Systems Analysis /  Issue (2016, 52 (2))
Demchenko I.Y.
Stationary distributions in inventory control models The problem of inventory control for a system operating in steady state is considered. Order strategy is found, which results in minimal costs of the average expenses of the system. Stationary distribution of the basic Markov process is used while finding it. The parameters that determine the optimal strategy are found in explicit form for the (s,S)-strategy. © 2016, Springer Science+Business Media New York. Keywords: (s,S)-strategy, inventory control, optimal strategy, Markov processes, Optimal systems, (s,S)-strategy, Explicit form, Minimal cost, Optimal strategies, Ordering strategy, Stationary distribution, Steady state, Inventory control
Cite:
Demchenko I.Y.
(2016). Stationary distributions in inventory control models. Cybernetics and Systems Analysis, 52 (2), 163-166. doi: https://doi.org/10.1007/s10559-016-9829-y http://jnas.nbuv.gov.ua/article/UJRN-0000496958 [In Russian]. |
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