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Supply chain coordination and associated contracts have been active research topics in supply chain management. Yet, little has been done in addressing the robustness of the design, evaluation, and implementation of such contracts. We develop a consistency framework for supply chain contracts...
Persistent link: https://www.econbiz.de/10014043257
Linear optimal control problems with state inequality constraints is an important class of large systems. This paper shows that a generalized programming formulation of these problems does not result in a decomposition over time or a maximum principle as it does for problems without the state...
Persistent link: https://www.econbiz.de/10014046404
We propose a new class of knapsack problems by assiuning that the sizes of the items to be put into a knapsack are known to be elements 0f a given subset S of the positive integers Z'^. The set S is treated as a parameter. We show that the family of knapsack problems obtained by varying the...
Persistent link: https://www.econbiz.de/10014046436
We consider a production-inventory planning problem with time-varying demands, convex production costs and a warehouse capacity constraint. It is solved by use of the Lagrangian form of the maximum principle. The possible existence of strong decision and forecast horizons is demonstrated. When...
Persistent link: https://www.econbiz.de/10014046438
This paper describes a maximum principle for distributed parameter systems, i.e. systems characterized by partial differential equations. The maximum principle is applied to solve the problem of a cattle rancher who must decide the number of cattle in different age groups to be bought and sold...
Persistent link: https://www.econbiz.de/10014046441
In this paper, we identify a new class of stochastic Iinear convex optimal control problems, whose solution can be obtained by solving appropriate equivalent deterministic optimal control problems. The term 'linear convex' is meant to imply that the dynamics is linear and the cost function is...
Persistent link: https://www.econbiz.de/10014046447
This paper derives a maximum principle for dynamic systems with continuous lags, i.e., systems governed by integrodifferential equations, using dynamic programming. As a result, the adjoint variables can be provided with useful economic interpretations
Persistent link: https://www.econbiz.de/10014046450
This paper briefly reviews the literature on necessary optimality conditions for optimal control problems with state-variable inequality constraints. Then, it attempts to unify the treatment of linear optimal control problems with state variable inequality constraints in the framework of...
Persistent link: https://www.econbiz.de/10014046454