Optimal control and competitive equilibrium of production-inventory systems with application to the petroleum refining industry

Manufacturing and Service Operations Management

Volumn 8, Issue 1, 2006, Pages 99-101

  Wu, Owen Q ^a   Chen, Hong ^a  

^a UNIVERSITY OF BRITISH COLUMBIA   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

COMPETITION; INDUSTRIAL MANAGEMENT; MATHEMATICAL MODELS; PETROLEUM REFINING; PRODUCTION CONTROL;

CONTINUOUS-TIME PRODUCTION; INVENTORY DYNAMICS; OPERATIONAL INSIGHTS;

INVENTORY CONTROL;

EID: 33645154136     PISSN: 15234614     EISSN: 15265498     Source Type: Journal    
DOI: None     Document Type: Article

References (7)

1. Brennan, M. J. 1958, The supply of storage. Amer. Econom. Rev. 47(1) 50-72.
2. Considine, T. J. 1997. Inventories under joint production: An empirical analysis of petroleum refining. Rev. Econom. Statist. 79(3) 493-502.
3. Fleming, W. H., H. M. Soner. 1993. Controlled Markov Processes and Viscosity Solutions. Springer-Verlag, New York.
4. Muth, J. F. 1961. Rational expectations and the theory of price movements. Econometrica 29(3) 315-335.
5. Pindyck, R. S. 1994. Inventories and the short-run dynamics of commodity prices. RAND J. Econom. 25(1) 141-159.
6. Sapra, A., P. L. Jackson. 2005. The martingale evolution of price forecasts in a supply chain market for capacity. Working paper, Cornell University, Ithaca, NY.
7. Williams, J. C., B. D. Wright. 1991. Storage and Commodity Markets. Cambridge University Press, Cambridge, NY.