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Optimal strategies in a production-inventory control model
(2020)
We consider a production-inventory control model with finite capacity and two different production rates, assuming that the cumulative process of customer demand is given by a compound Poisson process. It is possible at ...
Optimal Ratcheting of Dividends in a Brownian Risk Model
(2020)
We study the problem of optimal dividend payout from a surplus process governed by Brownian motion with drift under the additional constraint of ratcheting,
i.e. the dividend rate can never decrease. We solve the resulting ...