An optimal control of inventory-production system with gamma distributed deterioration

• Main Authors: Dhaiban, A. K., Baten, Md Azizul, Aziz, N.
• Format: Article
• Published: CESER Publications 2015
• Subjects: QA75 Electronic computers. Computer science
• Online Access: http://repo.uum.edu.my/19421/; http://www.ceser.in/ceserp/index.php/ijamas/article/view/3410
• Institution: Universiti Utara Malaysia

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...