Showing 1 - 10 of 28
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Most manufacturing systems are large and complex and operate in an uncertain environment. One approach to managing such systems is that of hierarchical decomposition. This paper reviews the research devoted to proving that a hierarchy based on the frequencies of occurrence of different types of...
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We consider a single-product, two-source inventory system with Poisson demand and backlogging. Inventory can be replenished through a normal supply source, which consists of a two-stage tandem queue with exponential production time at each stage. We can also place an emergency order by skipping...
Persistent link: https://www.econbiz.de/10012993864
We present a sufficient condition for a feedback Stackelberg equilibrium of a stochastic differential game on an infinite horizon. This condition gives rise to a system of elliptic partial differential equations involving a static Stackelberg game at the level of Lagrangian. As an example, we...
Persistent link: https://www.econbiz.de/10014040108
This paper derives a maximum principle for dynamic systems with continuous lags, i.e., systems governed by integrodifferential equations, using dynamic programming. As a result, the adjoint variables can be provided with useful economic interpretations
Persistent link: https://www.econbiz.de/10014046450
This paper presents an extension of earlier research on heirarchical control of stochastic manufacturing systems with linear production costs. A new method is introduced to construct asymptotically optimal open-loop and feedback controls for manufacturing systems in which the rates of machine...
Persistent link: https://www.econbiz.de/10014046452
In this paper, we treat an optimal control problem of a stochastic two-machine flowshop with machines subject to random breakdown and repair. While the problem is difficult to solve, it can be approximated by a deterministic problem when the rates of machine failure and repair become large....
Persistent link: https://www.econbiz.de/10014046911
We consider the problem of production control in a single machine, single product, unreliable manufacturing system facing a constant demand d. The goal is to minimize the expected average (per unit time) inventory/backlog costs. Under heavy traffic condition, i.e., when the average production...
Persistent link: https://www.econbiz.de/10014220023