
doi: 10.1007/bf01918632
Summary: We consider a general finite stage dynamic programming model. Bounds are derived for the approximation of the minimum expected total cost and of the optimal policy. The theory is applied to an inventory model to give bounds for ''good'' order policies.
inventory, Applications of mathematical programming, Bounds, (s,S)-policies, finite stage dynamic programming, Inventory, storage, reservoirs, optimal policy, Dynamic programming, approximation of the minimum expected total cost
inventory, Applications of mathematical programming, Bounds, (s,S)-policies, finite stage dynamic programming, Inventory, storage, reservoirs, optimal policy, Dynamic programming, approximation of the minimum expected total cost
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