This work considers an optimal inventory control problem using a long-term average criterion. In absence of ordering, the inventory process is modeled by a one-dimensional diffusion on some interval of $(-\infty, \infty)$ with general drift and diffusion coefficients and boundary points that are consistent with the notion that demands tend to re...
Creator:
Zhu, Chao (University of Wisconsin, Milwaukee)
Created:
2018-05-07
Contributed By:
University of Minnesota, Institute for Mathematics and its Applications.