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Optimal production planning in a multi-product stochastic manufacturing system with long-run average cost - MaRDI portal

Optimal production planning in a multi-product stochastic manufacturing system with long-run average cost (Q1389229)

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scientific article; zbMATH DE number 1164626
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English
Optimal production planning in a multi-product stochastic manufacturing system with long-run average cost
scientific article; zbMATH DE number 1164626

    Statements

    Optimal production planning in a multi-product stochastic manufacturing system with long-run average cost (English)
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    30 September 1998
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    stochastic dynamic programming
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    vanishing discount approach
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    optimal control
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    long-run average cost
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    production planning
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    flexible manufacturing system
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    failure-prone machines
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    Hamilton-Jacobi-Bellman equation
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