On the Optimal Inventory Equation

The purpose of this paper is to discuss a number of functional equations which arise in the “optimal inventory” problem. This is a particular case of the general problem of ordering in the face of an uncertain future demand. Actually, an important aspect of the problem is that of determining a suitable criterion of cost, one which is both realistic and analytically malleable.

• 저널Management Science · 2(1) · 83–104
• 토픽Advanced Bandit Algorithms Research · Management Science and Operations Research
• DOI10.1287/mnsc.2.1.83
• 저자Richard Bellman, Irving Glicksberg, Oliver Gross