화학공학소재연구정보센터
SIAM Journal on Control and Optimization, Vol.50, No.1, 133-146, 2012
OPTIMAL STRUCTURAL POLICIES FOR AMBIGUITY AND RISK AVERSE INVENTORY AND PRICING MODELS
This paper discusses multiperiod stochastic joint inventory and pricing models when the decision maker is risk and ambiguity averse. We study infinite horizon models with discounted and long run average optimization criteria. The main result of this paper is establishing the optimality of stationary (s, S, p) policies for the infinite horizon inventory and pricing models.