Abstract
We present here impulse control theory in discrete time. We show the connection between quasi-variational inequalities (QVI) in this context, with the standard formulation of dynamic programming. We show that the QVI formulation brings many interesting features, completing the standard formulation of dynamic programming. We study applications to inventory control in discrete time.
| Original language | English |
|---|---|
| Pages (from-to) | 439-454 |
| Journal | Georgian Mathematical Journal |
| Volume | 15 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Sept 2008 |
| Externally published | Yes |
Research Keywords
- dynamic programming
- Impulse control
- inventory control
- quasi-variational inequalities