Dynamics and control on a discrete multi-inventory system
type: Item
instance of: scholarly article
title: Dynamics and control on a discrete multi-inventory system
zbMATH Open document ID: 1417.90012
DOI: 10.1155/2019/6926342
author: Yuzhen Wang
author: Li Xu
published in: Journal of Control Science and Engineering
publication date: 2019-06-26T00:00:00Z
review text: Summary: In this paper, a discrete two item inventory model for deteriorating items with a linear stock dependent demand rate without regular supply is given first; then, regular supply is taken into account, which may be regarded as feedback control. An objective function is formed to calculate the net profit with respect to possible profits and possible loss. A necessary criterion for the steady state optimal control problem for optimizing the objective function subjected to the constraints given by the difference equations of the inventory is obtained. At last, an improved model is put forward.
Mathematics Subject Classification ID: 90B05
zbMATH DE Number: 7073719
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2019/6926342
OpenAlex ID: W2943924621
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description: scientific article; zbMATH DE number 7073719