Title :
Age dependent hedging point policies in manufacturing systems
Author :
Boukas, E.K. ; Kenne, J.P. ; Zhu, Q.
Author_Institution :
Dept. of Mech. Eng., Ecole Polytech., Montreal, Que., Canada
Abstract :
The purpose of this paper is to develop an age dependent hedging point policy and to show that it gives a better performance than the classical one for an optimal machine age to start stocking parts
Keywords :
flexible manufacturing systems; operations research; optimisation; production control; stock control; flexible manufacturing systems; hedging point policies; inventory; manufacturing systems; optimal machine age; preventive maintenance; production control; Control systems; Cost function; Electric breakdown; Flexible manufacturing systems; Manufacturing systems; Mechanical engineering; Optimal control; Preventive maintenance; Production control; Production systems;
Conference_Titel :
American Control Conference, Proceedings of the 1995
Conference_Location :
Seattle, WA
Print_ISBN :
0-7803-2445-5
DOI :
10.1109/ACC.1995.531285
