Singular Controls in an Inventory Management Model

E. Khmelnitsky (Israel)

Keywords

Inventory control, Reputation, State-costate dynamics

Abstract

This work addresses a problem of inventory control with the reputation of a firm being a dynamic factor influencing the distribution of future demand. The analysis of the singularity of the optimality conditions stated for the problem allows formulating some structural properties of optimal dynamics of inventory and reputation.

Important Links:

• DOI: 10.2316/P.2010.675-048
• From Proceeding (675) Modelling, Identification, and Control - 2010

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