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• W2126571830 abstract "In this technical note, the problem of inventory management in supply chain is addressed from a control theory perspective. In the analyzed setting, the stock used to satisfy an unknown, time-varying demand can be replenished from several supply sources. The replenishment orders are realized with delay which differs among suppliers and transport alternatives. A novel sliding-mode inventory policy is proposed, which guarantees that the demand is always entirely satisfied from the on-hand stock (yielding zero lost-sales cost), the warehouse capacity is not exceeded (what eliminates the risk of high-cost emergency storage) and ordered goods are not returned to the suppliers. As opposed to the classical, stochastic approaches, the parameters of the proposed controller are selected by minimizing a quadratic cost functional, which ensures an optimal dynamical performance of inventory systems with disparate lead times." @default.
• W2126571830 created "2016-06-24" @default.
• W2126571830 creator A5047127211 @default.
• W2126571830 creator A5091620929 @default.
• W2126571830 date "2010-01-01" @default.
• W2126571830 modified "2023-10-06" @default.
• W2126571830 title "LQ Optimal Sliding Mode Supply Policy for Periodic Review Inventory Systems" @default.
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• W2126571830 doi "https://doi.org/10.1109/tac.2009.2036305" @default.
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