Adaptive algorithms to estimate parameters of the optimal policies of inventory control under limited stock-out

  • Authors:

  • A. S. Mandel';D. A. Semenov

  • Affiliations:

  • Trapeznikov Institute of Control Sciences, Russian Academy of Sciences, Moscow, Russia;Physical and Technical Institute, Moscow, Russia

  • Venue:
  • Automation and Remote Control
  • Year:
  • 2008

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Abstract

Consideration was given to the inventory control by the criterion for minimum of the cumulative mean costs over a sufficiently long planning horizon in conditions of uncertain demand characteristics. Adaptive algorithms to estimate the parameters of the optimal two-level control policies oriented to the supply systems with high level of customer servicing were constructed for the stationary mode of operation.