Abstract

We establish a duality theory for a broad class of deterministic inventory control problems on continuous spaces that includes the classical joint replenishment problem and inventory routing. Using this theory, we establish the existence of an optimal policy, which has been an open question. We show how a primal-dual pair of infinite dimensional linear programs encode both cyclic and noncyclic schedules, and provide various results regarding cyclic schedules, including an example showing that they need not be optimal.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.