Title :
An inventory problem with fluctuating demand and production dependent failure rate
Author :
Arapostathis, Ari ; Chuang, Dong-Ming
Author_Institution :
Dept. of Electr. & Comput. Eng., Texas Univ., Austin, TX, USA
Abstract :
We are concerned with the problem of optimizing the production of a failure-prone manufacturing system under fluctuating demand and production dependent failure rate. We consider a two-state machine, with Markovian state dynamics. In the model considered, the demand rate is “noisy”, i.e. it is allowed to fluctuate around a constant mean value
Keywords :
Markov processes; optimisation; production control; stock control; Markovian state dynamics; failure-prone manufacturing system; fluctuating demand; inventory problem; production dependent failure rate; two-state machine; Cost function; Density measurement; Equations; Indium tin oxide; Manufacturing systems; Production systems;
Conference_Titel :
Decision and Control, 1997., Proceedings of the 36th IEEE Conference on
Conference_Location :
San Diego, CA
Print_ISBN :
0-7803-4187-2
DOI :
10.1109/CDC.1997.650592
