Optimal Production Policy for a Two-Stage Production System Under Lumpy Demand.
Ding-zhong FengMitsuo YamashiroPublished in: Australian Conference on Artificial Intelligence (2005)
Keyphrases
- optimal production
- production system
- production process
- production rate
- planning horizon
- multistage
- inventory management
- inventory policy
- inventory level
- stochastic demand
- expected cost
- optimal policy
- production line
- expert systems
- state dependent
- manufacturing systems
- single product
- multi item
- holding cost
- inventory systems
- revenue management
- production cost
- inventory models
- markov chain
- cost function