CHEBYSHEV’S Polynomial Approximation of an N-Warehouse Stock Allocation Model in Dynamic Programming
| Research Area: | Volume 3 Issue 1, Jan. 2014 | Year: | 2014 |
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| Type of Publication: | Article | Keywords: | Approximation, Chebyshev Polynomial, Dynamic Programming, Model, Optimization, Stock Controle |
| Authors: |
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| Journal: | IJEIR | Volume: | 3 |
| Number: | 1 | Pages: | 41-45 |
| Month: | January | ||
| Abstract: | Optimization of stock allocation is an important aspect of the manufacturing and distribution outfits to ensure minimization of cost and maximization of profit. Polynomial approximation has been applied to obtain better allocations while the chebyshev polynomial approximation is applied. The Remez algorithm, a successive approximation technique that provides best chebyshev approximation is used on resulting continuous functions. Relevant theorems and illustrative example to express the system are included. It is shown that the best approximate is unique. |
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Full text:
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