Linear-quadratic optimal control strategy for periodic-review inventory systems.
Przemyslaw IgnaciukAndrzej BartoszewiczPublished in: Autom. (2010)
Keyphrases
- control strategy
- inventory systems
- periodic review
- optimal control
- linear quadratic
- infinite horizon
- single stage
- multi item
- single item
- finite horizon
- single product
- lot sizing
- control system
- lost sales
- multistage
- lead time
- mathematical model
- inventory control
- fixed cost
- average cost
- inventory models
- dynamic programming
- production planning
- stochastic demand
- long run
- closed loop
- real time