Double Band Policy for Stochastic Manufacturing Systems in Heavy Traffic

DOI10.1287/MOOR.19.3.560zbMath0821.90061OpenAlexW2157026595MaRDI QIDQ4316545

Sheldon X. C. Lou, Elena V. Krichagina, Michael I. Taksar

Publication date: 27 September 1995

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/moor.19.3.560

zbMATH Keywords

Brownian motiondiffusion approximationmanufacturing systemheavy trafficproduction planningasymptotic optimalityimpulse control problemrandom demandone product

Mathematics Subject Classification ID

Production models (90B30) Brownian motion (60J65) Inventory, storage, reservoirs (90B05) Stochastic systems in control theory (general) (93E03)

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A Method for Computing Double Band Policies for Switching between Two Diffusions ⋮ Optimal Control of Brownian Inventory Models with Convex Holding Cost: Average Cost Case

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