Stationary (s, s) policies for a finite horizon

1 December 1972

journal article
research article
Published by Wiley in Naval Research Logistics Quarterly

Vol. 19 (4) , 601-619
https://doi.org/10.1002/nav.3800190404

Abstract

In the finite‐horizon stochastic (s, S) inventory model with periodic review the parameters of the optimal policy generally vary with the length of the horizon. A stationary policy, however, is easier to implement and may be easier to calculate. This paper studies optimal stationary policies for a finite horizon and relates them to optimal policies through their relation to optimal stationary policies for an infinite horizon.

Keywords

This publication has 9 references indexed in Scilit:

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