Integration of control theory and scheduling methods for supply chain management

In this paper, we propose to use distributed model predictive control for supply chain optimization. In particular, we focus on inventory management in supply chains. We use cooperative model predictive control, in which each agent makes their local decisions by optimizing the overall supply chain objective. Motivated by recent results in Stewart, Wright, and Rawlings (2011), we develop a new cooperative MPC algorithm that is applicable to any...