Browsing by Keywords "Base-Stock Policy"
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Finite perturbation analysis methods for optimization of inventory systems with non-stationary Markov-modulated demand and partial information
(Bilkent University, 2018-02)The state of the economy may fluctuate due to several factors, and the customer demand is a affected from the fluctuations of the state of the economy. Although the inventory holders can predict the state of the ... -
Structural results for average-cost inventory models with partially observed Markov-modulated demand
(Bilkent University, 2018-05)We consider a discrete-time in nite-horizon inventory system with full backlogging, deterministic replenishment lead time, and Markov-modulated demand. The actual state of demand can only be imperfectly estimated based ...
