The optimal control of a simple inventory–production system

The optimal control of a simple inventory–production system

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Article ID: iaor2005447
Country: China
Volume: 23
Issue: 4
Start Page Number: 1
End Page Number: 6
Publication Date: Apr 2003
Journal: Systems Engineering Theory & Practice
Authors:
Abstract:

This paper discusses a simple inventory–production system, which is composed of one workshop and one warehouse. The Markov process that describes the system is obtained. We provide an algorithm to find the optimal control variables of the system.

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