Optimal Control of Nonsmooth Production Systems with Deteriorating Items, Stock-Dependent Demand, with or without Backorders
We propose a nonsmooth dynamic system integrating production and inventory where the items may deteriorate and the demand is stock-dependent. We aim to derive the optimal production rate. In our first model, backorders are not allowed, while in the second model they are. Using optimal control, neces...
Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2019-02-01
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Series: | Symmetry |
Subjects: | |
Online Access: | https://www.mdpi.com/2073-8994/11/2/183 |