ALOP-Colloquium with Kerstin Lux

On Monday, May 7, 2018, at 16:00, Kerstin Lux of Universität Mannheim will join the ALOP-Colloquium and present her recent work entitled “Optimal inflow control in supply systems with uncertain demands.”

Abstract:

We are concerned with optimal control strategies subject to uncertain demands. They
have a broad range of applications. Taking uncertainty into account becomes more and
more important in many areas. In the context of supply chain management, a need
for control strategies taking these uncertainties into account naturally arises when it
comes to production planning. Deviations from the demand actually realized need to
be compensated, which might be very costly and should be avoided. To this end, we
consider different approaches to control the produced amount at a given time to meet
the stochastic demand in an optimal way. Supply chains are represented by transport
equations and stochastic differential equations are used to model the uncertain demand.
Finally, the approaches will be compared in a numerical simulation study.

The presentation will take place in HS9.

Please join us for coffee at 15:45 in E10.