Impulsive control in management: Prospects and applications

摘要: An outline of impulsive control and its applications in management is reviewed. Conditions for optimal controls when the dynamic process given by a stochastic differential equation with Wiener jump processes are given. Applications to inventory control, capacity expansion, vehicle dispatching, maintenance-replacement-inspection, pricing problems formulated, optimality conditions found. Although there many other that can be outlined, these provide some motivation further study this emerging field.