Abstract
This paper considers an optimal control of a three-stage supply chain model that consists of a manufacturer, a vendor and a retailer. The model is developed under a continuous-time review policy where the deterioration rate is fixed, shortages are allowed and the demand is assumed to be a linear function of price. Optimal control theory for non-smooth dynamic systems is applied in order to maximize the supply chain profit by optimizing both of the production rate and the dynamic price. To illustrate the result of the proposed model, a numerical example is presented.
| Original language | English |
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| Title of host publication | 2022 19th IEEE International Multi-Conference on Systems, Signals and Devices, SSD 2022 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 2054-2058 |
| Number of pages | 5 |
| ISBN (Electronic) | 9781665471084 |
| DOIs | |
| State | Published - 2022 |
| Event | 19th IEEE International Multi-Conference on Systems, Signals and Devices, SSD 2022 - Setif, Algeria Duration: 6 May 2022 → 10 May 2022 |
Publication series
| Name | 2022 19th IEEE International Multi-Conference on Systems, Signals and Devices, SSD 2022 |
|---|
Conference
| Conference | 19th IEEE International Multi-Conference on Systems, Signals and Devices, SSD 2022 |
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| Country/Territory | Algeria |
| City | Setif |
| Period | 6/05/22 → 10/05/22 |
Bibliographical note
Publisher Copyright:© 2022 IEEE.
Keywords
- item deterioration
- non-smooth production inventory systems
- optimal control
- shortage
- three-stage supply chain
ASJC Scopus subject areas
- Instrumentation
- Computer Networks and Communications
- Hardware and Architecture
- Signal Processing
- Electrical and Electronic Engineering
- Mechanical Engineering
- Safety, Risk, Reliability and Quality