Of Physics and Factory Physics

The “Principle of Least Action" is the foundational principle of fundamental physics. Application of this principle to the supply chain naturally results in an “uncertainty principle” linking variation in production to variation in net‐inventory. The model also provides an easy means of determining the stationary distribution of net‐inventory for a variety of control strategies. The formalism results in a control strategy that outperforms commonly used control methods.

• 저널Production and Operations Management · 23(11) · 1875–1885
• 토픽Numerical Methods and Algorithms · Computational Theory and Mathematics
• DOI10.1111/poms.12188
• 저자M Leroy Spearman