On a Conjecture of Iglehart

This paper gives an elementary proof of Iglehart's conjecture about the classical dynamic inventory model. This conjecture states that the minimal total expected cost for a planning horizon of n periods minus n times the minimal long-run average expected cost per period has a finite limit as n → ∞ for each initial stock.

• 저널Management Science · 21(11) · 1342–1345
• 토픽Supply Chain and Inventory Management · Management Information Systems
• DOI10.1287/mnsc.21.11.1342
• 저자Arie Hordijk, Henk Tijms