An optimal control of inventory-production system with gamma distributed deterioration
The study is concerned with the optimal control of an inventory-production system with time-varying demand and deterioration items assuming that the deterioration rate follows the Gamma distribution. The Pontryagin maximum principle is applied here to derive the optimality conditions from the dynami...
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| Main Authors: | , , |
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| Format: | Article |
| Published: |
CESER Publications
2015
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/19421/ http://www.ceser.in/ceserp/index.php/ijamas/article/view/3410 |
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