Variance of the Output as a Function of Time: Production Line Dynamics

We consider Markovian models of discrete materials flow production systems. The transient behavior of a production line is investigated. Namely, mean and variance of the number of parts produced in a given time period conditioned on an arbitrary initial condition is determined by using a Markov reward model. Closed-form expression for the variance of the output from a single unreliable station is derived to illustrate the procedure.

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Year of publication:	1997
Authors:	Tan, B.
Institutions:	İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi
Subject:	PRODUCTION \| MODELS

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Series:	Koc University.
Type of publication:	Book / Working Paper
Notes:	17 pages
Classification:	C51 - Model Construction and Estimation ; D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005777165