The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
The Use of Optimal Control Theory as a Benchmarking Tool in Production-Inventory Systems
Abstract
This chapter addresses some issues related to some Optimal Control Theory (OCT) problems (for example, impossible analytical solution because of an unsolvable integral, or punctual parameters that were unrealistic). It is proposed the use of OCT as a benchmarking tool to analyze inventory control systems to enhance parameters. In addition, the application of methods and heuristics in solving these problems is also described. These methods are discussed and applied in calculating the production and inventory functions using data of accounting variables of USA and Brazil companies, available in the Economatica software data base. Eventually, the results are compared and some recommendations about the advantages and disadvantages of each method are accomplished.
Related Content
Poshan Yu, Zixuan Zhao, Emanuela Hanes.
© 2023.
29 pages.
|
Subramaniam Meenakshi Sundaram, Tejaswini R. Murgod, Madhu M. Nayak, Usha Rani Janardhan, Usha Obalanarasimhaiah.
© 2023.
20 pages.
|
Rekha R. Nair, Tina Babu, Kishore S..
© 2023.
23 pages.
|
Wasswa Shafik.
© 2023.
22 pages.
|
Jay Kumar Jain, Dipti Chauhan.
© 2023.
24 pages.
|
George Makropoulos, Dimitrios Fragkos, Harilaos Koumaras, Nancy Alonistioti, Alexandros Kaloxylos, Vaios Koumaras, Theoni Dounia, Christos Sakkas, Dimitris Tsolkas.
© 2023.
19 pages.
|
Shouvik Sanyal, Kalimuthu M., Thangaraja Arumugam, Aruna R., Balaji J., Ajitha Savarimuthu, Chandan Chavadi, Dhanabalan Thangam, Sendhilkumar Manoharan, Shasikala Patil.
© 2023.
17 pages.
|
|
|