Average cost per unit time control of discrete time unreliable manufacturing systems with Markov demand

Krzysztof Łazarski and Łukasz Stettner

Mathematical Methods of Operations Research, 1999, vol. 49, issue 3, 457-473

Abstract: In the paper a discrete time manufacturing system consisting of a machine that produces one kind of goods so as to meet a random demand that is modelized by a finite state ergodic Markov chain is considered. Using a discounted cost approximation an average cost per unit time control problem is studied. Some simulation results are also added. Copyright Springer-Verlag Berlin Heidelberg 1999

Keywords: Key words: Discrete time manufacturing system; Markov demand; average cost per unit time; Bell-man equation (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mathme:v:49:y:1999:i:3:p:457-473

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DOI: 10.1007/s001860050061

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