Analysis Of Deteriorating Inventory/Production Systems Using ALinearQuadratic Regulator. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH;, 106. pp. 82-89.
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Abstract
We consider an inventory-production system where items deteriorate at a constant rate. The objective is to develop an optimal production policy that minimizes the cost associated with inventory and production rate. The inventory problem is first modeledas a linear optimal control problem. Then linear quadratic regulator (LQR) technique is applied to the control problem in order to determine the optimal production policy.Examples are solved for three different demand functions. Sensitivity analysis is then conducted to study the effect of changing the cost parameters on the objective function. (C) 1998 Published by Elsevier Science B.V.
| Item Type: | Article |
|---|---|
| Subjects: | Systems |
| Department: | College of Computing and Mathematics > lndustrial and Systems Engineering |
| Depositing User: | MR. ATIQ WALIULLAH SIDDIQUI |
| Date Deposited: | 11 Jun 2008 07:48 |
| Last Modified: | 01 Nov 2019 13:44 |
| URI: | http://eprints.kfupm.edu.sa/id/eprint/2433 |