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Production control of an unreliable manufacturing system under the assumption of no backlog
Liu, B; Cao, JH
1997
Source PublicationMATHEMATICAL METHODS OF OPERATIONS RESEARCH
ISSN1432-2994
Volume46Issue:1Pages:103-117
AbstractThis paper deals with an unreliable manufacturing system in which no backlog is allowed. The hedging point policy is used to control production. This paper's objective is to find the optimum hedging point so as to minimize the average inventory cost. Firstly, for a tentative hedging point, we derive the limiting distribution of the inventory level. This derivation is accomplished by comparison between this system and a finite storage-production system. Based on it we calculate the average inventory cost and find the optimum hedging point.
Keywordunreliable manufacturing system average inventory cost hedging point
Language英语
WOS Research AreaOperations Research & Management Science ; Mathematics
WOS SubjectOperations Research & Management Science ; Mathematics, Applied
WOS IDWOS:000071263200005
PublisherPHYSICA VERLAG GMBH
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Document Type期刊论文
Identifierhttp://ir.amss.ac.cn/handle/2S8OKBNM/13251
Collection中国科学院数学与系统科学研究院
Corresponding AuthorLiu, B
AffiliationAcad Sinica, Inst Appl Math, Beijing 100080, Peoples R China
Recommended Citation
GB/T 7714
Liu, B,Cao, JH. Production control of an unreliable manufacturing system under the assumption of no backlog[J]. MATHEMATICAL METHODS OF OPERATIONS RESEARCH,1997,46(1):103-117.
APA Liu, B,&Cao, JH.(1997).Production control of an unreliable manufacturing system under the assumption of no backlog.MATHEMATICAL METHODS OF OPERATIONS RESEARCH,46(1),103-117.
MLA Liu, B,et al."Production control of an unreliable manufacturing system under the assumption of no backlog".MATHEMATICAL METHODS OF OPERATIONS RESEARCH 46.1(1997):103-117.
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