Optimal production planning in a stochastic manufacturing system with long-run average cost

Journal of Optimization Theory and Applications

Volumn 92, Issue 1, 1997, Pages 161-188

  Sethi, S P ^a   Suo, W ^a   Taksar, M I ^b   Zhang, Q ^c  

^a UNIVERSITY OF TORONTO   (Canada)

^b Stony Brook University   (United States)

^c UNIVERSITY OF GEORGIA   (United States)

Author keywords

Long run average cost; Optimal control; Production planning; Stochastic dynamic programming; Vanishing discount approach

Indexed keywords

COST BENEFIT ANALYSIS; DYNAMIC PROGRAMMING; PLANNING; PRODUCTION CONTROL; STOCHASTIC SYSTEMS;

IS FAILURE; LONG-RUN AVERAGE COST; OPTIMAL CONTROLS; OPTIMAL PRODUCTION; POTENTIAL FUNCTION; PRODUCTION PLANNING; SINGLE- MACHINES; STOCHASTIC DYNAMIC PROGRAMMING; STOCHASTICS; VANISHING DISCOUNT APPROACH;

MANUFACTURE;

EID: 0031538949     PISSN: 00223239     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1022696215389     Document Type: Article

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