A bimodal scheme for multi-stage production and inventory control. (English) Zbl 1033.90028
Summary: This study considers a multi-stage multi-item production plant with its supply chain and customer environment. The production, supply and inventory plan is optimized on a dual-mode basis, under two different information patterns. The short-term plan relies on firm orders received from customers. On the contrary, the long-term plan is based on predicted demands represented by random sequences. In this study, the role of the long-term plan is mainly to impose a final condition set to the short-term plan.
Keywords:
Production planning; Multi-stage production; Linear programming; State feedback; Model predictive controlReferences:
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