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Production control in a failure-prone manufactoring system: Diffusion approximation and asymptotic optimality

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Publication:687702
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DOI10.1214/aoap/1177005432zbMath0804.90067OpenAlexW2091966701MaRDI QIDQ687702

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

Publication date: 28 October 1993

Published in: The Annals of Applied Probability (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1214/aoap/1177005432


zbMATH Keywords

single machinecontrol policyheavy traffic conditionsingle productstochastic manufacturing system


Mathematics Subject Classification ID

Production models (90B30) Optimal stochastic control (93E20)


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Singularly perturbed Markov chains: limit results and applications ⋮ Convergence problems for an impulsively and singularly controlled system ⋮ A Method for Computing Double Band Policies for Switching between Two Diffusions



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