= Sethi model
{wiki=Sethi_model}
The Sethi model, developed by T. N. Sethi, is an economic model that tackles the issue of production planning and inventory management within supply chain logistics. It is often associated with optimal control problems and is particularly noted in the context of production scheduling and inventory management in a competitive environment. Key features of the Sethi model include: 1. **Dynamic Programming**: It applies principles from dynamic programming, allowing for optimization over time involving multiple stages in the decision-making process.
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