Optimal Control of a Production Process Subject to Random Deterioration
Helmut Schneider,
Kwei Tang and
Colm O'Cinneide
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Helmut Schneider: Louisiana State University, Baton Rouge, Louisiana
Kwei Tang: Louisiana State University, Baton Rouge, Louisiana
Colm O'Cinneide: University of Arkansas, Fayetteville, Arkansas
Operations Research, 1990, vol. 38, issue 6, 1116-1122
Abstract:
A production process exhibits a decreasing pattern in the process mean in the course of production. We address the decision problem of selecting the starting level of the process mean and the level at which the process mean should be adjusted back to the starting level. The costs to be minimized are the long-run average cost of production, adjustment and loss for defective items. In addition to the optimal solution, simple approximate solutions are developed and shown to be more cost effective than a simple linear policy often applied to this problem.
Keywords: queues; multichannel: optimization of process adjustment model; reliability; failure models: inspection of production process; reliability; quality control: process control (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:38:y:1990:i:6:p:1116-1122
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