Hedging point policy improvement

DOI10.1023/A:1022670932536zbMath0911.90173OpenAlexW191961929MaRDI QIDQ1264987

El-Kébir Boukas

Publication date: 20 April 1999

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1023/a:1022670932536

zbMATH Keywords

HJB equationproduction ratesflexible manufacturinghedging levelsmaintenance ratespiecewise-deterministic systems

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Production models (90B30)

Related Items (5)

An application of robust control technique to manufacturing systems with uncertain processing time ⋮ Control of production and corrective maintenance rates in a multiple-machine, multiple-product manufacturing system ⋮ Integrated production planning and preventive maintenance in deteriorating production systems ⋮ Simultaneous control of production, preventive and corrective maintenance rates of a failure-prone manufacturing system ⋮ Hierarchical decision making in production and repair/replacement planning with imperfect repairs under uncertainties

Cites Work

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• Piecewise deterministic Markov process model for flexible manufacturing systems with preventive maintenance
• Optimal control of production rate in a failure prone manufacturing system
• Scheduling manufacturing systems with work-in-process inventory control: multiple-part-type systems
• Robust production and maintenance planning in stochastic manufacturing systems
• Optimal control of manufacturing flow and preventive maintenance
• Manufacturing flow control and preventing maintenance: a stochastic control approach

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