The performance evaluation of a multi-stage JIT production system with stochastic demand and production capacities.
Masaharu IwaseKatsuhisa OhnoPublished in: Eur. J. Oper. Res. (2011)
Keyphrases
- multistage
- production system
- stochastic demand
- optimal production
- finite horizon
- optimal policy
- production process
- lot sizing
- single item
- inventory control
- infinite horizon
- dynamic programming
- production rate
- single stage
- stochastic optimization
- lost sales
- production line
- production planning
- inventory level
- setup cost
- scheduling problem
- planning horizon
- markov decision processes
- state space
- multi item
- lot size
- fixed cost
- reinforcement learning