Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1261094 | Journal of Taibah University for Science | 2009 | 9 Pages |
Abstract
This work represents is another contribution to the application of optimal control theory to production inventory systems. We consider a firm that produces some product at a certain rate and aims at improving this rate. We successfully formulated the model as an optimal control problem and obtained an explicit solution using the maximum principle. An illustrative example is provided and the sensitivity of the model to some of the system parameters was addressed.
Keywords
Related Topics
Physical Sciences and Engineering
Chemistry
Chemistry (General)
Authors
Awad El-Gohary, Lotfi Tadj, Adel F. Al-Rasheedi,