Stochastic Model Predictive Control for costs optimization in a supply chain under a stochastic demand

Abstract

This paper aims to present a Stochastic Model Predictive Control to optimize the costs of shipping and storage in a supply chain. The goal is to minimize the objective function of the combined costs in a multi-stage and a multi-level supply chain responding to a stochastic multi-product demand. The simulation using Matlab provides a comparison between… (More)
DOI: 10.1109/GOL.2014.6887436

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