Abstract

In this paper, we consider resource allocation strategies of a limited resource across two related channels in a multi-period setting. We study a stochastic control problem where the objective is to determine the optimal limited resource allocation policy across two related channels and optimal transshipment policy between these two channels. We characterize some structural results of the optimal resource allocation policy and show that it is determined by three monotone curves.

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.