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Management science applications frequently involve problems of controlling continuous time dynamic systems, that is, systems which evolve over time. Optimal control theory, a relatively new branch of mathematics, determines the optimal way to control such a dynamic system. The purpose of this...
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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...
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1. An Introduction to Redundancy -- 1.1 Redundancy -- 1.2 Causes of Redundancy -- 1.3 Consequences of Redundancy -- 1.4 Dealing with Redundancy -- 1.5 A Survey of the Literature -- 1.6 Objective and Plan of the Study -- 2. Mathematical Foundations and Notation -- 2.1 Notation -- 2.2 Terminology...
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