Self-tuning optimal control of periodic-review production inventory systems with deteriorating items

Self-tuning optimal control of periodic-review production inventory systems with deteriorating items

0.00 Avg rating0 Votes
Article ID: iaor200969267
Country: Romania
Volume: 9
Issue: 1
Start Page Number: 91
End Page Number: 104
Publication Date: Jan 2007
Journal: Advanced Modeling and Optimization
Authors: , ,
Keywords: deteriorating items
Abstract:

Control of inventory in production and operation systems is very important for better management and utilization of resources. In this paper, the optimal control of aperiodic-review inventory system with items deterioration is considered. We are concerned with the problem of determining the production rate that minimizes a certain cost function. We deal with both cases where the deterioration coeffcient is known and unknown. In the case where it is unknown, the recursive least squares algorithm is used to estimate this parameter. The main control objective is to maintain the inventory at a desired level in spite of the unknown model parameter and variable demand. The self-tuning optimal control is presented and the effectiveness of the proposed control algorithm is illustrated by simulation.

Reviews

Required fields are marked *. Your email address will not be published.