Computers and Chemical Engineering 26 (2002) 1399– 1413 www.elsevier.com/locate/compchemeng Markovian inventory policy with application to the paper industry K. Karen Yin a,*, Hu Liu a,1, Neil E. Johnson b,2 a Department of Wood and Paper Science, Uni6ersity of Minnesota, St. Paul, MN 55108, USA b IT Minnesota Pulp and Paper Di6ision, Potlatch Corporation, Cloquet, MN 55720, USA Received 20 August 2001; received in revised form 18 April 2002; accepted 18 April 2002 Abstract This paper concerns…
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