Abstract This paper extends the core results of discrete time infinite horizon dynamic programming to case state-dependent discounting. We obtain a condition on discount factor process under which all standard optimality can be recovered. also show that cannot significantly weakened. Our framework is general enough handle complications such as recursive preferences and unbounded rewards. Econom...

Acceptance Sampling models have been widely applied in companies for the inspection and testing the raw material as well as the final products. A number of lots of the items are produced in a day in the industries so it may be impossible to inspect/test each item in a lot. The acceptance sampling models only provide the guarantee for the producer and consumer that the items in the lots are acco...

dynamic cellular manufacturing systems,   mixed-integer non-linear programming,   production planning, manufacturing attributes   this paper presents a novel mixed-integer non-linear programming model for the design of a dynamic cellular manufacturing system (dcms) based on production planning (pp) decisions and several manufacturing attributes. such an integrated dcms model with an extensive c...

in any supply chain, distribution planning of products is of great importance to managers. with effective and flexible distribution planning, mangers can increase the efficiency of time, place, and delivery utility of whole supply chain. in this paper, inventory routing problem (irp) is applied to distribution planning of perishable products in a supply chain. the studied supply chain is compos...