Simultaneous determination of the optimal production-inventory and product inspection policies for a deteriorating production system.
Chih-Hsiung WangShey-Huei SheuPublished in: Comput. Oper. Res. (2001)
Keyphrases
- optimal production
- production rate
- production system
- production inventory
- production process
- inventory level
- single product
- multistage
- production cost
- planning horizon
- manufacturing systems
- assembly line
- lot sizing
- expected cost
- optimal policy
- infinite horizon
- production line
- finite horizon
- lead time
- inventory management
- revenue management
- supply chain
- inventory policy
- inventory systems
- fluid model
- preventive maintenance
- state dependent
- base stock policies