Variance of the Output as a Function of Time: Production Line Dynamics

B. Tan

Working Papers from Koc University

Abstract: We consider Markovian models of discrete materials flow production systems. The transient behavior of a production line is investigated. Namely, mean and variance of the number of parts produced in a given time period conditioned on an arbitrary initial condition is determined by using a Markov reward model. Closed-form expression for the variance of the output from a single unreliable station is derived to illustrate the procedure.

Keywords: PRODUCTION; MODELS (search for similar items in EconPapers)
JEL-codes: C51 D24 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1997
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:kocuni:1997/19

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