Publication:
Structural properties of a class of robust inventory and queueing control problems

dc.contributor.departmentDepartment of Industrial Engineering
dc.contributor.departmentGraduate School of Sciences and Engineering
dc.contributor.kuauthorKaraesmen, Fikri
dc.contributor.kuauthorÖrmeci, Lerzan
dc.contributor.kuauthorTurgay, Zeynep Zerrin
dc.contributor.schoolcollegeinstituteCollege of Engineering
dc.contributor.schoolcollegeinstituteGRADUATE SCHOOL OF SCIENCES AND ENGINEERING
dc.date.accessioned2024-11-09T13:23:21Z
dc.date.issued2018
dc.description.abstractIn standard stochastic dynamic programming, the transition probability distributions of the underlying Markov Chains are assumed to be known with certainty. We focus on the case where the transition probabilities or other input data are uncertain. Robust dynamic programming addresses this problem by defining a min-max game between Nature and the controller. Considering examples from inventory and queueing control, we examine the structure of the optimal policy in such robust dynamic programs when event probabilities are uncertain. We identify the cases where certain monotonicity results still hold and the form of the optimal policy is determined by a threshold. We also investigate the marginal value of time and the case of uncertain rewards.
dc.description.fulltextYES
dc.description.indexedbyWOS
dc.description.indexedbyScopus
dc.description.issue8
dc.description.openaccessYES
dc.description.publisherscopeInternational
dc.description.sponsoredbyTubitakEuN/A
dc.description.sponsorshipN/A
dc.description.versionAuthor's final manuscript
dc.description.volume65
dc.identifier.doi10.1002/nav.21748
dc.identifier.eissn1520-6750
dc.identifier.embargoNO
dc.identifier.filenameinventorynoIR01876
dc.identifier.issn0894-069X
dc.identifier.quartileQ3
dc.identifier.scopus2-s2.0-85027176761
dc.identifier.urihttps://doi.org/10.1002/nav.21748
dc.identifier.wos454523400008
dc.keywordsStochastic dynamic programming
dc.keywordsRobust optimization
dc.keywordsInventory control
dc.keywordsQueueing control
dc.language.isoeng
dc.publisherWiley
dc.relation.grantnoNA
dc.relation.ispartofNaval Research Logistics
dc.relation.urihttp://cdm21054.contentdm.oclc.org/cdm/ref/collection/IR/id/8556
dc.subjectOperations research and management science
dc.titleStructural properties of a class of robust inventory and queueing control problems
dc.typeJournal Article
dspace.entity.typePublication
local.contributor.kuauthorÖrmeci, Lerzan
local.contributor.kuauthorKaraesmen, Fikri
local.contributor.kuauthorTurgay, Zeynep
local.publication.orgunit1College of Engineering
local.publication.orgunit1GRADUATE SCHOOL OF SCIENCES AND ENGINEERING
local.publication.orgunit2Department of Industrial Engineering
local.publication.orgunit2Graduate School of Sciences and Engineering
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