Multi-Item-Multi-Plant Inventory Control Of Production Systems With Shortages Backorders. INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE;, 30. pp. 533-539.
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Abstract
A multi-item model of a production-inventory system incorporating deterioration, shortages and capacity/budge constraints is considered. An optimal control policy for the model is developed using linear quadratic (LQ) theory for the case of deterministic demands. The problem of controlling large-scale production-inventory facilities is also considered, and the interaction prediction method is used to develop optimal policies. Results of simulations show that using the developed policy, any desired inventory levels can be maintained while minimizing costs and satisfying demand without violating capacity constraints.
| 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 08:24 |
| Last Modified: | 01 Nov 2019 13:44 |
| URI: | http://eprints.kfupm.edu.sa/id/eprint/2438 |