The Optimality of Hedging Point Policies for Stochastic Two-Product Flexible Manufacturing Systems.
Shaoxiang ChenPublished in: Oper. Res. (2004)
Keyphrases
- flexible manufacturing systems
- manufacturing systems
- dynamic scheduling
- real time control
- control policies
- stochastic inventory
- optimal solution
- life cycle
- stochastic inventory control
- multi item
- financial markets
- markov decision processes
- base stock policies
- product design
- monte carlo
- inventory replenishment
- dynamic programming
- semi markov decision process
- objective function