Optimal Production and Setup Scheduling: A One-Machine, Two-Product System

Jun Yang, Houmina Yan and M.I. Taksar

Annals of Operations Research, 2000, vol. 98, issue 1, 311 pages

Abstract: This paper studies the scheduling problem for two products on a single production facility. The objective is to specify a production and setup policy that minimizes the average inventory, backlog, and setup costs. Assuming that the production rate can be adjusted during the production runs, we provide a close form for an optimal production and setup schedule. Dynamic programming and Hamilton–Jacobi–Bellman equation is used to verify the optimality of the obtained policy. Copyright Kluwer Academic Publishers 2000

Keywords: production and setup scheduling; controllable production rate; HJB equation (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1023/A:1019268710146

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