Average cost per unit time control of discrete time unreliable manufacturing systems with Markov demand

In the paper a discrete time manufacturing system consisting of a machine that produces one kind of goods so as to meet a random demand that is modelized by a finite state ergodic Markov chain is considered. Using a discounted cost approximation an average cost per unit time control problem is studied. Some simulation results are also added. Copyright Springer-Verlag Berlin Heidelberg 1999

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Year of publication:	1999
Authors:	Łazarski, Krzysztof ; Stettner, Łukasz
Published in:	Computational Statistics. - Springer. - Vol. 49.1999, 3, p. 457-473
Publisher:	Springer
Subject:	Discrete time manufacturing system \| Markov demand \| average cost per unit time \| Bell-man equation

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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