Stochastic Optimization of Inventory Control

Abstract:

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In this paper, we focus on the interaction between inventory investment and market demand, and consequent effect on discount profit when stochastic disturbance is introduced into the system. To this end, we set up optimal decision-making models on inventory cross-time management , in which inventory is considered as firms investment and Market demand follows SDE , as well as inventory investment. Helpful results and three propositions are obtained.

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Periodical:

Edited by:

Qi Luo

Pages:

2063-2067

DOI:

10.4028/www.scientific.net/AMM.58-60.2063

Citation:

X. X. Ouyang "Stochastic Optimization of Inventory Control", Applied Mechanics and Materials, Vols. 58-60, pp. 2063-2067, 2011

Online since:

June 2011

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$35.00

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