IEEE - Institute of Electrical and Electronics Engineers, Inc. - Failure-prone production systems with uncertain demand

Author(s): J.R. Perkins ; R. Srikant
Sponsor(s): IEEE Control Systems Society
Publisher: IEEE - Institute of Electrical and Electronics Engineers, Inc.
Publication Date: 1 March 2001
Volume: 46
Page Count: 9
Page(s): 441 - 449
ISSN (Paper): 0018-9286
ISSN (Online): 1558-2523
DOI: 10.1109/9.911420
Regular:

We consider a failure-prone manufacturing system with bursty demand arrivals. We prove that the hedging-point policy is optimal for this problem and provide analytical expressions to compute the... View More

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