2014
DOI: 10.1155/2014/702642
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Demand Management Based on Model Predictive Control Techniques

Abstract: Demand management (DM) is the process that helps companies to sell the right product to the right customer, at the right time, and for the right price. Therefore the challenge for any company is to determine how much to sell, at what price, and to which market segment while maximizing its profits. DM also helps managers efficiently allocate undifferentiated units of capacity to the available demand with the goal of maximizing revenue. This paper introduces control system approach to demand management with dyna… Show more

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Cited by 4 publications
(3 citation statements)
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“…In general, a production system combines humans, machinery and equipment that are next to common material and information flow [23]. In a previous work [24], a PDE for production level subject to dynamic pricing and time, was presented, with the form:…”
Section: Infinite Dimensional Production Level Modelingmentioning
confidence: 99%
“…In general, a production system combines humans, machinery and equipment that are next to common material and information flow [23]. In a previous work [24], a PDE for production level subject to dynamic pricing and time, was presented, with the form:…”
Section: Infinite Dimensional Production Level Modelingmentioning
confidence: 99%
“…In general, a production system combines humans, machinery, and equipment that are next to common material and information flow [31]. In [32], a PDE for the production level subject to dynamic pricing and time was presented with the form:…”
Section: Infinite Dimensional Product Level Modelingmentioning
confidence: 99%
“…Based on a previous work [51], and [52] which applies second-order differential equation analogizing production system with mechanical vibration systems, here the approach is to propose an energy based analogy to obtain the dynamic equation for APP in production-inventory systems. In order to develop a consistent energy based analogy for APP, the following energy based function for APP, where E APP is the total energy of the APP system which is proposed: …”
Section: Mathematical Modeling Of Appmentioning
confidence: 99%