Optimal control approach to production systems with inventory-level-dependent demand.
Eugene KhmelnitskyYigal GerchakPublished in: IEEE Trans. Autom. Control. (2002)
Keyphrases
- production system
- optimal control
- inventory level
- production inventory
- multistage
- dynamic programming
- infinite horizon
- lost sales
- production rate
- control strategy
- production process
- production capacity
- single product
- customer demand
- inventory control
- dynamic pricing
- reinforcement learning
- expert systems
- fixed cost
- optimal production
- base stock policy
- single stage
- periodic review
- holding cost
- production line
- multiprocessor architecture
- stochastic demand
- finite horizon
- optimal policy