A SINGLE-PERIOD INVENTORY SYSTEM WITH A GENERAL S-SHAPED UTILITY AND EXPONENTIAL DEMAND

作者：Geng, Wei; Zhao, Xiaobo^*; Gao, Deng

来源：Journal of Systems Science and Systems Engineering, 2010, 19(2): 227-236.

DOI：10.1007/s11518-010-5128-8

• Inventory
• S-shaped utility function
• order-up-to policy

We discuss a single-period inventory system with a general S-shaped utility function and exponential demand. It is shown that there exists a state-dependent order-up-to policy to be optimal. Behaviors of optimal policy are illustrated by a numerical example.

• 出版日期2010-6
• 单位清华大学