Abstract

HERNANDEZ FLOREZ, MÓNICA. Control of inventories under non-convex polynomial cost functions. Rev.colomb.mat. [online]. 2007, vol.41, suppl.1, pp.221-246. ISSN 0034-7426.

I propose an alternative method for computing effectively the solution of the control inventory problem under non-convex polynomial cost functions. I apply the method of moments in global optimization to transform the corresponding, non-convex dynamic programming problem into an equivalent optimal control problem with linear and convex structure. I device computational tools based on convex optimization, to solve the convex formulation of the original problem.

Keywords : Method of moments; control of inventories; non-convex polynomial functions; global optimization.

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