ISSN:
1573-2878
Keywords:
Stochastic control
;
quasi-variational inequalities
;
hierarchical production/inventory systems
Source:
Springer Online Journal Archives 1860-2000
Topics:
Mathematics
Notes:
Abstract We discuss stochastic, continuous-time models of serial multilevel production/inventory systems using quasi-variational inequalities. The value functions are characterized as maximum solutions of suitable equivalent problems. Then, we show how to construct optimal centralized policies and, if possible, decentralized policies. Finally, we present some numerical examples for the deterministic case.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00939561
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