Title :
On ergodic control of stochastic production planning
Author :
Morimoto, Hiroaki
Author_Institution :
Dept. of Math. Sci., Ehime Univ., Matsuyama, Japan
Abstract :
We study the ergodic control problem related to stochastic production planning. The optimal control and the minimum value are given by a solution to the corresponding Bellman equation
Keywords :
Markov processes; minimisation; optimal control; planning; production control; state-space methods; stock control; Bellman equation; Markov chain; ergodic control; inventory; minimum value; optimal control; state space; stochastic production planning; Capacity planning; Continuous production; Control systems; Cost function; Differential equations; Optimal control; Partial differential equations; Production planning; State-space methods; Stochastic processes;
Conference_Titel :
Decision and Control, 1996., Proceedings of the 35th IEEE Conference on
Conference_Location :
Kobe
Print_ISBN :
0-7803-3590-2
DOI :
10.1109/CDC.1996.572848
