Model Predictive Control of a Forecasting Production System with Deteriorating Items

Abdelhak Mezghiche, Mustapha Moulaï and Lotfi Tadj
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Abdelhak Mezghiche: Département de Recherche Opérationnelle, Université des Sciences et de la Technologie Houari Boumediène, Algiers, Algeria
Mustapha Moulaï: Département de Recherche Opérationnelle, Université des Sciences et de la Technologie Houari Boumediène, Algiers, Algeria
Lotfi Tadj: Department of Information Systems and Decision Sciences, Fairleigh Dickinson University, Vancouver, BC, Canada

International Journal of Operations Research and Information Systems (IJORIS), 2015, vol. 6, issue 4, 19-37

Abstract: The authors consider in this paper an integrated forecasting production system of the tracking type. The demand rate during a certain period depends on the demand rate of the previous period. Also, the demand rate depends on the inventory level. Items on the shelves are subject to deterioration. Using a model predictive control approach, the authors obtain the optimal production rate, the optimal inventory level, the optimal demand rate, and the optimal objective function value, explicitly in terms of the system parameters. A numerical example is presented.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:igg:joris0:v:6:y:2015:i:4:p:19-37

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