Inventory-production control systems with Gumbel distributed deterioration
This paper is concerned with the optimal control of inventory-production system subject to Gumbel distributed deterioration items with applications to optimal control theory.We successfully formulated the model as a linear optimal control problem and obtained an explicit solution using Pontryagin ma...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier B.V.
2012
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/10616/1/Md.pdf |
| Summary: | This paper is concerned with the optimal control of inventory-production system subject to Gumbel distributed deterioration items with applications to optimal control theory.We successfully formulated the model as a linear optimal control problem and obtained an explicit solution using Pontryagin maximum principle.The optimality conditions are derived in this case. It is then illustrated with the help of examples. |
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