Optimal Inventory Control System with Stocastic Demand

Affandi, Pardi and Salam, Nur and Faisal, Faisal Optimal Inventory Control System with Stocastic Demand. ETAR 2016. ISSN 978-969-9948-63-3

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Abstract

Optimal control theory, an extension of the calculus of variations, is a mathematical optimization method with solutions control policy. This method largely inspired by the work of Lev Pontryagin and his colleagues in the Soviet Union and Richard Bellman in the United States. Explicit optimal control is obtained for the two general inventory levels depend inventory production. Inventory is used more specifically limited to the production of inventory problems. The mathematical model of the problem demand inventory can be deterministic and probabilistic or stochastic models. In this research will be discussed how to model the stochastic demand as well as how to solve the inventory model using optimal control techniques

Item Type: Article
Subjects: Q Science > QA Mathematics
Depositing User: Mr Arief Mirathan - Eka Setya Wijaya
Date Deposited: 07 Oct 2016 03:17
Last Modified: 07 Oct 2016 03:17
URI: http://eprints.unlam.ac.id/id/eprint/1251

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