We consider a problem of controlling the production rate of a single machine, single product, stochastic manufacturing system in order to minimize the total discounted inventory /backlog costs. The demand has two components: one is deterministic with constant rate d and the other is stochastic...

Supply chain coordination and associated contracts have been active research topics in supply chain management. Yet, little has been done in addressing the robustness of the design, evaluation, and implementation of such contracts. We develop a consistency framework for supply chain contracts...

This edited volume contains 16 research articles. It presents recent and pressing issues in stochastic processes, control theory, differential games, optimization, and their applications in finance, manufacturing, queueing networks, and climate control. One of the salient features is that the...

The paper is concerned with the problem of optimal production planning in deterministic pull flow lines with multiple products. The objective is to specify the production policy that minimizes the total inventory and backlog costs overtime. Assuming constant product demands and non-decreasing...

This paper is concerned with the problem of production planning in a flexible manufacturing system consisting of a single or parallel failure-prone machines producing a number of different products. The objective is to choose the rates of production of the various products over time in order to...

This paper is concerned with the problem of production planning in a flexible manufacturing system consisting of a single or parallel failure-prone machines producing a number of different products. The objective is to choose the rates of production of the various products over time in order to...

We consider a joint inventory-pricing control problem in a single-product, periodic-review, dual-supplier inventory system. The two suppliers have different lead times. One expedited supplier offers instantaneous replenishment, and one regular supplier requires an L-period lead time for...

Linear optimal control problems with state inequality constraints is an important class of large systems. This paper shows that a generalized programming formulation of these problems does not result in a decomposition over time or a maximum principle as it does for problems without the state...