Aliyev R.T.,1 Khaniyev Т.А.2
1Baku State University, Baku, Azerbaijan,
e-mail: aliyevrt@mail.ru
2Institute of Cybernetics, National Academy of Sciences
of Azerbaijan, Baku, Azerbaijan and TOBB University of Economics and Technology, Ankara, Turkey,
e-mail: tahirkhaniyev@etu.edu.tr.
Abstract. A stochastic process that describes a so-called inventory control model of type (s, S) is considered. The asymptotic behavior of the ergodic distribution of the process is investigated. It is established that the function of the ergodic distribution of the process for quite large values of the parameter tends to the uniform distribution on the interval [s, S], and the rate of convergence is estimated. Refs: 14 titles.
Keywords: (s,S ) inventory model, ergodic distribution, asymptotic expansion, convergence rate.