A single-period inventory system with a general S-shaped utility and exponential demand

A single-period inventory system with a general S-shaped utility and exponential demand
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DOI:
10.1007/s11518-010-5128-8
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发表时间:
2010-03
影响因子:
1.2
通讯作者:
Wei Geng;Xiaobo Zhao;Deng Gao
Wei Geng;Xiaobo Zhao;Deng Gao
中科院分区:
管理学4区
文献类型:
--
作者:
Wei Geng;Xiaobo Zhao;Deng Gao

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本文讨论了一类效用函数为一般S型且需求为指数型的单周期库存系统。结果表明,存在一个依赖于状态的订单最多的政策是最优的。最后通过一个算例说明了最优策略的行为。
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.