Robust Inventory-Production Control Problem With Stochastic Demand

This paper deals with the inventory-production control problem where the produced items are supposed to be deteriorating with a rate that depends on the stochastic demand rate. The inventory-production control problem is formulated as a jump linear quadratic control problem. The optimal policy that...

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Boukas, EK (author)
مؤلفون آخرون: Shi, P (author), Andijani, A. A. (author), unknown (author)
التنسيق: article
منشور في: 2020
الموضوعات:
الوصول للمادة أونلاين:https://eprints.kfupm.edu.sa/id/eprint/2443/1/robust_inventory_production_control_prob_boukas_isi_000080386500001.doc
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الملخص:This paper deals with the inventory-production control problem where the produced items are supposed to be deteriorating with a rate that depends on the stochastic demand rate. The inventory-production control problem is formulated as a jump linear quadratic control problem. The optimal policy that solves the optimal control problem is obtained in terms of a set of coupled Riccati equations. The guaranteed cost control problem is also investigated. Copyright (C) 1999 John Wiley Sons, Ltd.