Joint production control and maintenance policy for a serial system with quality deterioration and stochastic demand.
Lin WangZhiqiang LuYifei RenPublished in: Reliab. Eng. Syst. Saf. (2020)
Keyphrases
- stochastic demand
- optimal production
- infinite horizon
- raw material
- production process
- inventory control
- optimal policy
- optimal control
- production system
- production planning
- expected cost
- finite horizon
- long run
- control system
- lost sales
- control strategy
- manufacturing systems
- inventory level
- markov decision processes
- average cost
- inventory policy
- customer demand
- lot size
- single item
- high volume
- service quality
- lead time
- dynamic programming