This paper deals with the inventory-production control problem where the produced items are supposed to be deteriorating with a rate that depends on the stochastic demand rate. The inventory-production control problem is formulated as a jump linear quadratic control problem. The optimal policy that
Inventory control problem with freight cost and stochastic demand
β Scribed by Ju-liang Zhang; Chung-Yee Lee; Jian Chen
- Publisher
- Elsevier Science
- Year
- 2009
- Tongue
- English
- Weight
- 800 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0167-6377
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