A SINGLE-PERIOD INVENTORY SYSTEM WITH A GENERAL S-SHAPED UTILITY AND EXPONENTIAL DEMAND
摘要
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.
基金
supported in part by NSF of China under grants 70971072 and 70871066
