Robust inventory-production control problem with stochastic demand

Authors
Boukas, EK Shi, P Andijani, A
Citation
Ek. Boukas et al., Robust inventory-production control problem with stochastic demand, OPTIM CONTR, 20(1), 1999, pp. 1-20
Citations number
45
Categorie Soggetti
AI Robotics and Automatic Control
Journal title
OPTIMAL CONTROL APPLICATIONS & METHODS
ISSN journal
01432087 → ACNP
Volume
20
Issue
1
Year of publication
1999
Pages
1 - 20
Database
ISI
SICI code
0143-2087(199901/02)20:1<1:RICPWS>2.0.ZU;2-7
Abstract
This paper deals with the inventory-production control problem where the pr oduced items are supposed to be deteriorating with a rate that depends on t he stochastic demand rate. The inventory-production control problem is form ulated as a jump linear quadratic control problem. The optimal policy that solves the optimal control problem is obtained in terms of a set of coupled Riccati equations. The guaranteed cost control problem is also investigate d. Copyright (C) 1999 John Wiley & Sons, Ltd.