Title :
Stability and optimality of a discrete production and storage model with uncertain demand
Author :
Arruda, Edilson F. ; Val, João B R do ; Almudevar, Anthony
Author_Institution :
Sch. of Electr. & Comput. Eng., State Univ. of Campinas, Brazil
Abstract :
In this work, we present a discrete model to the production and storage problem with multiple production stages and a single final product, subject to random demand. We present some conditions under which the optimal policy generates positive recurrent states. In addition, we derive a dynamic programming procedure to seek the optimal solution to the problem and provide some numerical examples.
Keywords :
discrete systems; dynamic programming; production control; storage; uncertain systems; discrete model; dynamic programming procedure; multiple production stages; optimal policy; positive recurrent states; production problem; random demand; storage problem; uncertain demand; Biology computing; Computational biology; Cost function; Engineering in medicine and biology; Manufacturing processes; Manufacturing systems; Production systems; Stability; Stochastic processes; Virtual manufacturing;
Conference_Titel :
Decision and Control, 2004. CDC. 43rd IEEE Conference on
Print_ISBN :
0-7803-8682-5
DOI :
10.1109/CDC.2004.1429301
