Dynamics and Control on a Discrete Multi-Inventory System
In this paper, a discrete two item inventory model for deteriorating items with a linear stock dependent demand rate without regular supply is given first; then, regular supply is taken into account, which may be regarded as feedback control. An objective function is formed to calculate the net prof...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2019-01-01
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| Series: | Journal of Control Science and Engineering |
| Online Access: | http://dx.doi.org/10.1155/2019/6926342 |
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| Summary: | In this paper, a discrete two item inventory model for deteriorating items with a linear stock dependent demand rate without regular supply is given first; then, regular supply is taken into account, which may be regarded as feedback control. An objective function is formed to calculate the net profit with respect to possible profits and possible loss. A necessary criterion for the steady state optimal control problem for optimizing the objective function subjected to the constraints given by the difference equations of the inventory is obtained. At last, an improved model is put forward. |
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| ISSN: | 1687-5249 1687-5257 |