Determining the optimal procurement policy and maximum allowable lifespan for machining tools with stochastically distributed toollife.
Cun Rong LiXiao Long ChenBhaba R. SarkerHuizhi YiPublished in: J. Oper. Res. Soc. (2015)
Keyphrases
- optimal solution
- distributed systems
- uncertain demand
- high speed
- distributed environment
- software tools
- asymptotically optimal
- cooperative
- dynamic programming
- peer to peer
- decision support
- minimum energy
- computer networks
- state dependent
- markov decision
- inventory policy
- finite horizon
- mobile agents
- optimal policy
- worst case
- end users