A COMPARATIVE STUDY OF STOCHASTIC QUADRATIC PROGRAMMING AND OPTIMAL CONTROL MODEL IN PRODUCTION-INVENTORY SYSTEM WITH STOCHASTIC DEMAND
ABSTRACT This study compares the optimal control model and stochastic quadratic programming (SQP) model of a production-inventory system. A single product, without shortage in the case of a periodic-review policy with stochastic demand and deterioration rate as a function of time, is discussed. The...
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| Format: | Article |
| Language: | English |
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Sociedade Brasileira de Pesquisa Operacional
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| Series: | Pesquisa Operacional |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382017000100193&lng=en&tlng=en |