Decision and horizon rules for stochastic planning problems : a linear example

Charnes, A.;Dreze, Jacques;Miller, M.
(1966) Econometrica — Vol. 34, n° 2, p. 307-330 (1966)

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Authors
  • Charnes, A.
    Author
  • Dreze, JacquesUCLouvain
    Author
  • Miller, M.
    Author
Abstract
Analytic decision rules and horizon rules are developed for the warehousing problem. A stochastic warehousing problem is defined and solved, first by backwards induction, then by means of a forward working algorithm. The influence of holding costs and discount rates on forecasting horizons is illustrated.
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Charnes, A., Dreze, J., & Miller, M. (1966). Decision and horizon rules for stochastic planning problems : a linear example. Econometrica, 34(2), 307-330. https://hdl.handle.net/2078.5/40579 (Original work published 1966)