Bullwhip effect attenuation in supply chain management via control-theoretic tools and short-term forecasts: A preliminary study with an application to perishable inventories
Résumé
Supply chain management and inventory control provide most exciting examples of control systems with delays. Here, Smith predictors, model-free control and new time series forecasting techniques are mixed in order to derive an efficient control synthesis. Perishable inventories are also taken into account. The most intriguing ``bullwhip effect'' is explained and attenuated, at least in some important situations. Numerous convincing computer simulations are presented and discussed.
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