We consider a stochastic multi-product inventory model with a ware-housing constraint with the objective of minimizing the expected long-run average cost. Using the vanishing discount approach, a dynamic programming equation and the corresponding verification result are established. The...

This paper studies multiproduct inventory models with stochastic demands and a warehousing constraint. Finite horizon as well as stationary and nonstationary discounted-cost infinite-horizon problems are addressed. Existence of optimal feedback policies is established under fairly general...

Cyclonic storms are large-scale disturbances which cause extensive damage in coastal ecosystems. On 25 November 2013, Cyclone Lehar made a significant impact on the coastal areas of Andaman and Nicobar Islands. We observed the pre- and post-Lehar cyclonic effects on the seagrass meadows at Ross...