Paper Title:
Stochastic Optimization of Inventory Control
  Abstract

In this paper, we focus on the interaction between inventory investment and market demand, and consequent effect on discount profit when stochastic disturbance is introduced into the system. To this end, we set up optimal decision-making models on inventory cross-time management , in which inventory is considered as firms investment and Market demand follows SDE , as well as inventory investment. Helpful results and three propositions are obtained.

  Info
Periodical
Edited by
Qi Luo
Pages
2063-2067
DOI
10.4028/www.scientific.net/AMM.58-60.2063
Citation
X. X. Ouyang, "Stochastic Optimization of Inventory Control", Applied Mechanics and Materials, Vols. 58-60, pp. 2063-2067, 2011
Online since
June 2011
Authors
Export
Price
$32.00
Share

In order to see related information, you need to Login.

In order to see related information, you need to Login.

Authors: Chien Chang Chou
Abstract:Inventory management is one of important issues in the manufacture system. Thus, this paper proposes a new fuzzy approach to solve the...
106
Authors: Pei Hong Sun, Lei Tang, Li Ying Tang
Abstract:Countering the inventory management problem of manufacturing enterprise, according to the optimal control theory, considering the numbers of...
2503
Authors: Peng Peng Wang, Xin Guo Ming, Dong Zhang, Dong Li, Zhen Yong Wu
Abstract:This paper studied service parts inventory control policy of a large equipment manufacturer which is on the transformation to...
2509
Authors: Xiang Tian Xie, Jin Shan Zhang
Abstract:This document builds up the inventory control model of fresh agricultural products based on the expected loss of inventory costs (purchase...
19
Authors: Hai Dong, Shi Nan Yuan, Wei Ling Zhao
Chapter 15: Automation Technology
Abstract:A distributed control strategy based on model predictive control is applied to dynamic supply chain network. The optimisation-based...
1728