Optimal control of deteriorating production
inventory systems under various settings
L. Tadj M. Bounkhel Y. Benhadid R. Hedjar
King Saud University
We present in this paper various models to control the production rate of dynamic production inventory systems with deteriorating items. Among the models discussed are the model with inventory and production targets, the model with stock-dependent demand, the continuous review and periodic review models, and the predictive control model. We also propose some open problems.