Applications of Model Predictive Control in Supply Chain Inventory Management

Model predictive control is applied to solve dynamic optimization of the inventory in supply chain management according to the demand uncertainty.First,the mechanism of model predictive control and the adaptability of dynamic control in supply chain are presented.Second,The model of the cost objective optimization is established,a general optimal control law and control algorithm are proposed.Finally,the feasibility of model predictive control can forecast reasonable inventory level and control dynamic and uncertainty supply chain system are shown by the simulation results.