Optimal Control of a Continuous-flow Failure Prone Manufacturing System
نویسندگان
چکیده
In this article the problem of inventory management of a single-stage singleproduct and two-machine-state continuous-flow manufacturing system with constant demand is considered. The machine is subject to operation-dependent failures. All the random variables are exponentially distributed. The goal is to obtain, in this case, the optimal policy which minimizes the discounted cost function. It is then proved that the optimal control is of hedging point type and that the value of the hedging point is nonnegative. This value is estimated by simulation. Copyright © 2005 IFAC
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تاریخ انتشار 2005