Impulsive control in management : Prospects and applications
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 419-442 |
| Journal / Publication | Journal of Optimization Theory and Applications |
| Volume | 37 |
| Issue number | 4 |
| Publication status | Published - Aug 1982 |
| Externally published | Yes |
Link(s)
Abstract
An outline of impulsive control and its applications in management is reviewed. Conditions for optimal impulsive controls when the dynamic process is given by a stochastic differential equation with Wiener and jump processes are given. Applications to inventory control, capacity expansion, vehicle dispatching, maintenance-replacement-inspection, and pricing problems are formulated, and optimality conditions found. Although there are many other applications that can be outlined, these provide some motivation for further study in this emerging field. © 1982 Plenum Publishing Corporation.
Research Area(s)
- dynamic programming, impulsive control, management, Optimal stochastic control
Citation Format(s)
Impulsive control in management: Prospects and applications. / Bensoussan, A.; Tapiero, C. S.
In: Journal of Optimization Theory and Applications, Vol. 37, No. 4, 08.1982, p. 419-442.
In: Journal of Optimization Theory and Applications, Vol. 37, No. 4, 08.1982, p. 419-442.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
