UCL School of Management

Research project

Managing production/inventory in supply chains

Summary

We study the optimal control of a production-inventory system with both backorders and lost sales. We characterize the structure of the optimal policy and provide effective heuristics for managing such systems.

Relevance

This project provides guidelines for managing production-inventory systems to optimize the system performance. 

Selected publications

Benjaafar, S., ElHafsi, M., & Huang, T. (n.d.). Optimal control of a production-inventory system with both backorders and lost sales. Naval Research Logistics, 57 (3). [link]

Link to the publication’s UCL Discovery page

Last updated Friday, 25 July 2014

Author

Research groups

Operations and Technology

Research areas

Management science; Operations management

Research topics

Applied probability; Applied stochastic modelling; Complex systems; Inventory management; Logistics; Stochastic control; Supply chain management