Title :
Some results on the optimal scheduling of a single-machine multi-product pull system
Author :
de Vericourt, Francis ; Karaesmen, Fikri ; Dallery, Yves
Author_Institution :
Lab. d´lnf. de Paris 6, Univ. Pierre et Marie Curie, Paris, France
fDate :
Aug. 31 1999-Sept. 3 1999
Abstract :
We consider the problem of dynamically allocating production capacity between two products to minimize the average inventory and backorder costs per unit time in a make-to-stock single machine system. Using sample path comparisons and dynamic programming, we give a characterization of the optimal hedging point policy for a certain region of the state space.
Keywords :
capacity planning (manufacturing); cost reduction; dynamic programming; inventory management; single machine scheduling; average inventory minimization; backorder cost minimization; dynamic programming; make-to-stock single machine system; optimal hedging point policy; optimal scheduling; production capacity allocation; sample path comparisons; single-machine multiproduct pull system; Dynamic programming; Dynamic scheduling; Operations research; Optimal control; Stochastic processes; Switches; Dynamic programming; Multi-item; Production/scheduling; Stochastic optimal control;
Conference_Titel :
Control Conference (ECC), 1999 European
Conference_Location :
Karlsruhe
Print_ISBN :
978-3-9524173-5-5
