The paper analyzes the structure of optimal trajectories in the one-sector vintage capital model that optimizes the endogenous lifetime of age-structured capital under technological change. A new repetition pattern (anticipation echoes) is demonstrated in both optimal investment and optimal capital lifetime in the case of finite-horizon optimization. The anticipation echoes are caused by expect...

A method for solving finite-horizon optimal control of nonlinear systems has been developed in this paper and used for an online path planning problem. The new controller synthesis is motivated by the state-dependent Riccati equation (SDRE) technique that was developed for solving regulator and tracking problems. However, finite-time problems need to meet specified boundary conditions for the a...

A production system containing a set of machines (also called components) arranged according to a series-parallel configuration is addressed. A set of products must be produced in lots on this production system during a specified finite planning horizon. This paper presents a method for integrating load distribution decisions, and tactical production planning considering the costs of capacity c...

We consider a single-item, periodic-review inventory model with uncertain demands in which each period's production volume is limited by a capacity level. The demand distributions, capacity levels, and cost parameters vary according to a periodic pattern. We prove that modified base-stock policies are optimal for the finite-horizon planning model and for both the infinite-horizon discounted and...

Manufacturers make production decisions and carry inventory to satisfy uncertain demand. When holding and shortage costs are high, carrying inventory could be even more expensive for a capacitated production system. Recent developments in information technology and sales strategies enabled firms to acquire, collect, or induce advance demand information. We address a periodic-review, stochastic,...

Orthogonal function approach (OFA) and the hybrid Taguchi-genetic algorithm (HTGA) are used to solve quadratic finite-horizon optimal controller design problems in both a fuzzy parallel distributed compensation (PDC) controller and a non-PDC controller (linear state feedback controller) for Takagi–Sugeno (TS) fuzzy-model-based control systems for dynamic ship positioning systems (TS-DSPS). Base...

For Markov decision processes with long horizons (i.e., discount factors close to one), it is common in practice to use reduced horizons during planning to speed computation. However, perhaps surprisingly, when the model available to the agent is estimated from data, as will be the case in most real-world problems, the policy found using a shorter planning horizon can actually be better than a ...

This paper addresses the common cycle multi-product lot-scheduling problem in flexible flow lines (FFL) where the product demands are deterministic and constant over a finite planning horizon. Objective is minimizing the sum of setup costs, work-in-process and final products inventory holding costs per time unite while satisfying the demands without backlogging. This problem consists of a combi...

we present an improved implementation of the wagner-whitin algorithm for economic lot-sizing problems based on the planning-horizon theorem and the economic- part-period concept. the proposed method of this paper reduces the burden of the computations significantly in two different cases. we first assume there is no backlogging and inventory holding and set-up costs are fixed. the second model ...