Master of Science
John M. Carroll
The linear programming formulation to determine optimum inventory policies when the stochastic demand is Markovian is reviewed. Conventional linear programming models under stochastic demand result in convex objective functions which must be approximated by piecewise linear functions.
Dickerson, Billie I., "On optimal inventory policies using Markovian structured linear programming techniques" (1968). Theses and Dissertations. 3687.