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Threshold-Type Control Policies and System Stability for Serial Supply Chain Systems

  • Dong-Ping SongEmail author
Chapter
Part of the Advances in Industrial Control book series (AIC)

Abstract

This chapter first establishes the sufficient and necessary conditions of the system stability for the basic serial stochastic supply chain in  Chap. 2 using the matrix analytic method. The main results in  Chap. 2 such as the structural characteristics of the optimal integrated ordering and production control policy are then extended to the long-run average cost case. Based upon the characteristics of the optimal policies, simple threshold-type control policies are developed for both the basic supply chains in  Chap. 2 and the more general supply chains in  Chap. 3. The performance of the proposed threshold control policies are evaluated and compared with the optimal policies in a range of scenarios. Threshold control policies for multistage serial supply chains are also presented.

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Copyright information

© Springer-Verlag London 2013

Authors and Affiliations

  1. 1.School of ManagementUniversity of PlymouthPlymouthUK

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