An intuitive approach to inventory control with optimal stopping

Eur. J. Oper. Res.(2023)

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摘要
•We present a simple proof of optimality of (s,S) policies.•The proof is based on the work of Breiman (1964) on optimal stopping.•Our approach leads to an efficient method to compute the optimal policy parameters.
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关键词
Inventory,Optimal stopping,Dynamic programming
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