News: Optimal and self-tuning optimal control of a periodic-review hybrid production inventory system
In this paper, a periodic-review dynamic production inventory system for a single reusable product is investigated.
Friday, 7th March 2008
There are two stocks, one for the serviceable items and one for the remanufactured ones. We assume that the items in either stock may be subject to deterioration. Items deterioration is of great importance to inventory theory. . An optimal control is derived in the case where the deterioration parameters are known and a self-tuning optimal control strategy is applied in the case where the deterioration parameters are unknown. In particular, the recursive least-squares (RLS) method is used to identify the deterioration parameters. Simulations are conducted to illustrate the results obtained. These academic papers are available to purchase through Sciencedirect.com, usually at US$30 each. To do this, it is necessary to register via the weblink given.
Request for stakeholder engagement from the Wuppertal Institute
The Wuppertal Institute are looking for reuse and remanufacturing stakeholders to contribute to two projects analysing the barriers to reuse and remanufacturing in Europe.
RICS tackles the Circular Economy and Public Interest
David Fitzsimons will take part in a breakfast discussion at the ICE to answer the question: why is the Circular Economy still only a minority issue among business leaders and policy makers?
CRR contributes to Circular Economy report
Scaling the circular economy in Europe offers investment opportunities worth EUR320 billion, according to a new report produced by SYSTEMIQ with the Ellen MacArthur Foundation and with input from the CRR.