Drift Control with Changeover Costs
Author
Abstract
Suggested Citation
DOI: 10.1287/opre.1100.0868
Download full text from publisher
References listed on IDEAS
- Sunil Kumar & Kumar Muthuraman, 2004. "A Numerical Method for Solving Singular Stochastic Control Problems," Operations Research, INFORMS, vol. 52(4), pages 563-582, August.
- Alan S. Manne, 1960. "Linear Programming and Sequential Decisions," Management Science, INFORMS, vol. 6(3), pages 259-267, April.
- K. Helmes & R. H. Stockbridge, 2000. "Numerical Comparison of Controls and Verification of Optimality for Stochastic Control Problems," Journal of Optimization Theory and Applications, Springer, vol. 106(1), pages 107-127, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Xindan Li & Dan Tang & Yongjin Wang & Xuewei Yang, 2014. "Optimal processing rate and buffer size of a jump-diffusion processing system," Annals of Operations Research, Springer, vol. 217(1), pages 319-335, June.
- Barιş Ata & Deishin Lee & Erkut Sönmez, 2019. "Dynamic Volunteer Staffing in Multicrop Gleaning Operations," Operations Research, INFORMS, vol. 67(2), pages 295-314, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Vijay V. Desai & Vivek F. Farias & Ciamac C. Moallemi, 2012. "Approximate Dynamic Programming via a Smoothed Linear Program," Operations Research, INFORMS, vol. 60(3), pages 655-674, June.
- Kurt Helmes & Stefan Röhl, 2008. "A Geometrical Characterization of Multidimensional Hausdorff Polytopes with Applications to Exit Time Problems," Mathematics of Operations Research, INFORMS, vol. 33(2), pages 315-326, May.
- José Niño-Mora, 2006. "Restless Bandit Marginal Productivity Indices, Diminishing Returns, and Optimal Control of Make-to-Order/Make-to-Stock M/G/1 Queues," Mathematics of Operations Research, INFORMS, vol. 31(1), pages 50-84, February.
- Lodewijk Kallenberg, 2013. "Derman’s book as inspiration: some results on LP for MDPs," Annals of Operations Research, Springer, vol. 208(1), pages 63-94, September.
- Balikcioglu, Metin & Fackler, Paul L., 2018. "A Numerical Method for Multidimensional Impulse and Barrier Control Problems," CEnREP Working Papers 277666, North Carolina State University, Department of Agricultural and Resource Economics.
- Vijay V. Desai & Vivek F. Farias & Ciamac C. Moallemi, 2012. "Pathwise Optimization for Optimal Stopping Problems," Management Science, INFORMS, vol. 58(12), pages 2292-2308, December.
- Haolin Feng & Kumar Muthuraman, 2010. "A Computational Method for Stochastic Impulse Control Problems," Mathematics of Operations Research, INFORMS, vol. 35(4), pages 830-850, November.
- Yinyu Ye, 2005. "A New Complexity Result on Solving the Markov Decision Problem," Mathematics of Operations Research, INFORMS, vol. 30(3), pages 733-749, August.
- D. P. de Farias & B. Van Roy, 2003. "The Linear Programming Approach to Approximate Dynamic Programming," Operations Research, INFORMS, vol. 51(6), pages 850-865, December.
- Alexander Zadorojniy & Segev Wasserkrug & Sergey Zeltyn & Vladimir Lipets, 2017. "IBM Cognitive Technology Helps Aqualia to Reduce Costs and Save Resources in Wastewater Treatment," Interfaces, INFORMS, vol. 47(5), pages 411-424, October.
- Mehmet U. S. Ayvaci & Oguzhan Alagoz & Elizabeth S. Burnside, 2012. "The Effect of Budgetary Restrictions on Breast Cancer Diagnostic Decisions," Manufacturing & Service Operations Management, INFORMS, vol. 14(4), pages 600-617, October.
- Sunil Kumar & Kumar Muthuraman, 2004. "A Numerical Method for Solving Singular Stochastic Control Problems," Operations Research, INFORMS, vol. 52(4), pages 563-582, August.
- Dabadghao, Shaunak S. & Chockalingam, Arun & Soltani, Taimaz & Fransoo, Jan, 2021. "Valuing Switching options with the moving-boundary method," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
- Dabadghao, Shaunak S. & Chockalingam, Arun & Soltani, Taimaz & Fransoo, Jan C., 2021. "Valuing switching options with the moving-boundary method," Other publications TiSEM 45fe7e78-129f-4d41-ac2f-5, Tilburg University, School of Economics and Management.
- K. Helmes & R. H. Stockbridge, 2000. "Numerical Comparison of Controls and Verification of Optimality for Stochastic Control Problems," Journal of Optimization Theory and Applications, Springer, vol. 106(1), pages 107-127, July.
- Yinyu Ye, 2011. "The Simplex and Policy-Iteration Methods Are Strongly Polynomial for the Markov Decision Problem with a Fixed Discount Rate," Mathematics of Operations Research, INFORMS, vol. 36(4), pages 593-603, November.
- Liu, Zeyu & Li, Xueping & Khojandi, Anahita, 2022. "The flying sidekick traveling salesman problem with stochastic travel time: A reinforcement learning approach," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 164(C).
- Guillot, Matthieu & Stauffer, Gautier, 2020. "The Stochastic Shortest Path Problem: A polyhedral combinatorics perspective," European Journal of Operational Research, Elsevier, vol. 285(1), pages 148-158.
- Arun Chockalingam & Kumar Muthuraman, 2011. "American Options Under Stochastic Volatility," Operations Research, INFORMS, vol. 59(4), pages 793-809, August.
- Höfferl, F. & Steinschorn, D., 2009. "A dynamic programming extension to the steady state refinery-LP," European Journal of Operational Research, Elsevier, vol. 197(2), pages 465-474, September.
More about this item
Keywords
inventory/production; uncertainty; stochastic; probability; stochastic model applications; programming; linear;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:59:y:2011:i:2:p:427-439. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.