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Optimal control of hereditary inventory systems with short-time conservation effects

✍ Scribed by Marija Bogataj

Publisher: Elsevier Science
Year: 1994
Tongue: English
Weight: 266 KB
Volume: 35
Category: Article
ISSN: 0925-5273
DOI: 10.1016/0925-5273(94)90087-6

No coin nor oath required. For personal study only.

✦ Synopsis

In this paper, inventory system with short-time conservation effects of perishable goods is modelled by differential-delay equations. Conservation effect is considered as delayed deterioration of goods. The delayed ordering rate may occur too. For the continuous-time version the optimality results, including the case of non-homogeneous state equations, are formulated in a way in which sensitivity results, derived by Bogataj (1989) could be used directly.

' The sensitivity results were derived in [3],

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