Optimal production with preemption to meet stochastic demand

DOI10.1016/S0005-1098(99)00066-7zbMath0948.90054OpenAlexW355490868MaRDI QIDQ1805804

Yanyan Li

Publication date: 31 October 1999

Published in: Automatica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0005-1098(99)00066-7

zbMATH Keywords

stochastic controlproduction systemMarkov decision processinventory controlstochastic jump processesinvestment planningcapacity expansion models

Mathematics Subject Classification ID

Production models (90B30) Inventory, storage, reservoirs (90B05) Optimal stochastic control (93E20) Markov and semi-Markov decision processes (90C40)

Related Items (3)

Optimal reconfiguration policy to react to product changes ⋮ Stability and optimality of a multi-product production and storage system under demand uncertainty ⋮ An impulse control problem of a production model with interruptions to follow stochastic demand

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