Two hedging points policy for an unreliable manufacturing system
Applicationes Mathematicae (2002)
- Volume: 29, Issue: 3, page 313-330
- ISSN: 1233-7234
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topRyszarda Rempała. "Two hedging points policy for an unreliable manufacturing system." Applicationes Mathematicae 29.3 (2002): 313-330. <http://eudml.org/doc/279634>.
@article{RyszardaRempała2002,
abstract = {This paper deals with an unreliable manufacturing system in which limited backlog is allowed. An admissible production policy is described by two decision parameters: upper and lower hedging points. The objective is to find the optimum hedging points so as to minimize the long run average expected cost under an additional condition. The condition expresses a constraint for the limiting probability of the event that the system stays at the lower hedging point, which corresponds to a limit of backlog. The cost consists of two parts: holding inventory cost and shortage cost. The optimum hedging points are determined.},
author = {Ryszarda Rempała},
journal = {Applicationes Mathematicae},
keywords = {unreliable manufacturing system; average inventory cost; two hedging points},
language = {eng},
number = {3},
pages = {313-330},
title = {Two hedging points policy for an unreliable manufacturing system},
url = {http://eudml.org/doc/279634},
volume = {29},
year = {2002},
}
TY - JOUR
AU - Ryszarda Rempała
TI - Two hedging points policy for an unreliable manufacturing system
JO - Applicationes Mathematicae
PY - 2002
VL - 29
IS - 3
SP - 313
EP - 330
AB - This paper deals with an unreliable manufacturing system in which limited backlog is allowed. An admissible production policy is described by two decision parameters: upper and lower hedging points. The objective is to find the optimum hedging points so as to minimize the long run average expected cost under an additional condition. The condition expresses a constraint for the limiting probability of the event that the system stays at the lower hedging point, which corresponds to a limit of backlog. The cost consists of two parts: holding inventory cost and shortage cost. The optimum hedging points are determined.
LA - eng
KW - unreliable manufacturing system; average inventory cost; two hedging points
UR - http://eudml.org/doc/279634
ER -
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