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Modal control theory and industrial dynamics — a dual approach to the design of policy decisions in a multistage production-inventory system

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  • Mohapatra, Pratap K.J.

Abstract

This paper deals with the problem of designing realistic policy decisions in a Multistage Production-Inventory System (MPIS). First Modal Control Theory has been utilised for the synthesis of control policies in a two-stage production-inventory system. The structure of the resultant control policies, though somewhat idealised, has an underlying implication of central control. Two types of realistic policy decisions are made and tested in Forresters's ID simulation study of the MPIS. It is shown that both the policies result in more attenuated system behaviour than that obtained by Forrester.

Suggested Citation

  • Mohapatra, Pratap K.J., 1979. "Modal control theory and industrial dynamics — a dual approach to the design of policy decisions in a multistage production-inventory system," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 21(2), pages 141-149.
    • Handle: RePEc:eee:matcom:v:21:y:1979:i:2:p:141-149
    DOI: 10.1016/0378-4754(79)90127-7
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    1. Jay W. Forrester, 1968. "Industrial Dynamics--A Response to Ansoff and Slevin," Management Science, INFORMS, vol. 14(9), pages 601-618, May.
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