Journal ArticleDOI
Control theory concepts in production and inventory control
Reads0
Chats0
TLDR
An overview of earlier research concerning control theory applications in production and inventory control can be found in this article, where areas given special emphasis are those in which control theory seems to have a stronger potential of practical application.Abstract:
The use of efficient production and inventory control systems is of great importance for industry. Therefore this area could be expected to provide many fruitful applications of control theory techniques. However, control theory has traditionally been aimed at applications in other fields, and results have only limited applicability in production and inventory control. This paper gives an overview of earlier research concerning control theory applications in production and inventory control. Areas given special emphasis are those in which control theory seems to have a stronger potential of practical application.read more
Citations
More filters
Journal ArticleDOI
The effect of vendor managed inventory (VMI) dynamics on the Bullwhip Effect in supply chains
TL;DR: VMI is shown to be significantly better at responding to volatile changes in demand such as those due to discounted ordering or price variations, and inventory recovery as measured by the integral of time×absolute error performance metric is substantially improved via VMI.
Journal ArticleDOI
Dynamic modeling and control of supply chain systems: A review
TL;DR: The bottom line of this review is that a joint co-operation between control experts and supply chain managers has the potential to introduce more realism to the dynamical models and develop improved supply chain management policies.
Journal ArticleDOI
On the bullwhip and inventory variance produced by an ordering policy
TL;DR: In this paper, the authors present a decision support system that can be used to design balanced supply chain ordering decisions and clearly shows how the bullwhip effect can be reduced, at the expense of increased inventory recovery times.
Journal ArticleDOI
Vendor-managed inventory and bullwhip reduction in a two-level supply chain
TL;DR: In this article, the authors compare the bullwhip properties of a vendor managed inventory (VMI) supply chain with those of a traditional "serially-linked" supply chain, and conclude that on balance VMI offers a significant opportunity to reduce the bull-whip effect in real-world supply chains.
Journal ArticleDOI
On bullwhip in supply chains - historical review, present practice and expected future impact
TL;DR: In this paper, the authors identify 10 published causes of demand amplification, all of which are capable of elimination by re-engineering the supply chain and offer evidence on the present health of a family of supply chains, and pinpoint much good practice.
References
More filters
Book
Deterministic and stochastic optimal control
TL;DR: In this paper, the authors considered the problem of optimal control of Markov diffusion processes in the context of calculus of variations, and proposed a solution to the problem by using the Euler Equation Extremals.
Journal ArticleDOI
A Review of Production Scheduling
TL;DR: The intent of this paper is to present a broad classification for various scheduling problems, to review important theoretical developments for these problem classes, and to contrast the currently available theory with the practice of production scheduling.