Control theory concepts in production and inventory control

Abstract

The use of efficient production and inventory control systems is of great importance for industry. Therefore this area could be expected to provide many fruitful applications of control theory techniques. However, control theory has traditionally been aimed at applications in other fields, and results have only limited applicability in production and inventory control. This paper gives an overview of earlier research concerning control theory applications in production and inventory control. Areas given special emphasis are those in which control theory seems to have a stronger potential of practical application.