Keywords: Stochastic dynamic programming
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Journal Articles
Industrial Management & Data Systems (2018) 118 (4): 782–805.
Published: 14 May 2018
.... The purpose of this paper is to analyze a finite-horizon replenishment problem with option contracts in the context of a spot market. Design/methodology/approach Based on stochastic dynamic programming, the firm’s optimal replenishment policy with either call, put or bidirectional option contracts...

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