Optimal Control of a Production Inventory System with Weibull Distribution Deterioration
, A. Al-khedhairi . 2007
Abstract
This paper is concerned with the optimal control of a production inventory system with deteriorating items. It is assumed that the deterioration rate follows the two-parameter Weibull distribution. The continuous-review and periodic-review policies are investi- gated. In each case, optimality conditions are derived. Also, numerical illustrative examples are presented.
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