Work

Using optimal control to adjust the production rate of a deteriorating inventory system

Year: 2009

Type: article

Abstract: This work represents is another contribution to the application of optimal control theory to production inventory systems. We consider a firm that produces some product at a certain rate and aims at improving this rate. We successfully formulated the model as an optimal control problem and obtained an explicit solution using the maximum principle. An illustrative example is provided and the sensitivity of the model to some of the system parameters was addressed.

Source: Journal of Taibah University for Science

DOI: 10.1016/s1658-3655(12)60009-0

Authors: Awad El-Gohary, Lotfi Tadj, Adel F. Al-Rasheedi

Institutions: King Saud University, American University in Dubai

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $944

OpenAlex ID: W2065822113

FWCI: 1.88

Cites: 17

Cited by: 14

Related to: 10