Optimal Control of Nonsmooth Production Systems with Deteriorating Items, Stock-Dependent Demand, with or without Backorders

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...

Full description

Bibliographic Details
Main Authors: Messaoud Bounkhel, Lotfi Tadj, Yacine Benhadid, Ramdane Hedjar
Format: Article
Language:English
Published: MDPI AG 2019-02-01
Series:Symmetry
Subjects:
nonsmooth production inventory systems
item deterioration
backorder
optimal control
maximum principle
Online Access:https://www.mdpi.com/2073-8994/11/2/183

Similar Items

Similar Items