Singular controls in an inventory management model

E. Khmelnitsky*

*Corresponding author for this work

Research output: Contribution to journalConference articlepeer-review

Abstract

This work addresses a problem of inventory control with the reputation of a firm being a dynamic factor influencing the distribution of future demand. The analysis of the singularity of the optimality conditions stated for the problem allows formulating some structural properties of optimal dynamics of inventory and reputation.

Original languageEnglish
Pages (from-to)216-217
Number of pages2
JournalProceedings of the IASTED International Conference on Modelling, Identification and Control
DOIs
StatePublished - 2010
Event29th IASTED International Conference on Modelling, Identification and Control, MIC 2010 - Innsbruck, Austria
Duration: 15 Feb 201017 Feb 2010

Keywords

  • Inventory control
  • Reputation
  • State-costate dynamics

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