Title :
Decentralized inventory control for large-scale supply chains
Author :
Inalhan, Gokhan ; How, Jonathan P.
Author_Institution :
Dept. of Aeronaut., Massachusetts Inst. of Technol.
Abstract :
In this work, we illustrate a new decentralized optimization method for inventory control across large-scale supply-chains. The decentralized optimization method and the coordination algorithm provide a convenient approach to find the cooperative solution that is best for the whole supply-chain. Specifically, the scheme does not require each company to have explicit knowledge about the individual cost functions and the local constraints of the other companies. This factor helps eliminate the problems that result from informational deficiencies in large-scale supply-chains
Keywords :
decentralised control; optimisation; stock control; supply chains; cost functions; decentralized inventory control; decentralized optimization; large-scale supply chains; large-scale supply-chains; Cost function; Delay; Inventory control; Large-scale systems; Manufacturing; NASA; Optimization methods; Space shuttles; Subcontracting; Supply chains;
Conference_Titel :
American Control Conference, 2006
Conference_Location :
Minneapolis, MN
Print_ISBN :
1-4244-0209-3
Electronic_ISBN :
1-4244-0209-3
DOI :
10.1109/ACC.2006.1655417
