Inventory Trigger Control Policies Developed in Terms of Control Theory

• In this article we model standard inventory ordering rules in terms of control systems theory. A differential equation is designed describing the development of a system in which an input signal reaching a predefined level triggers an output. The reorder point of inventory control systems may be interpreted as such a level triggering a replenishment. Systems using this kind of control are frequent in a variety of applications. Apart from inventory, domestic heat and pressure control are but two examples.

Nyckelord

Control theory

Trigger

Systems dynamics

Inventory control

Feedback systems

Publikations- och innehållstyp

ref (ämneskategori)

art (ämneskategori)