Optimal production run length for deteriorating production system with a two-state continuous-time Markovian processes under allowable shortages.
Kuo-Lung HouPublished in: J. Oper. Res. Soc. (2005)
Keyphrases
- optimal production
- production system
- run length
- production process
- planning horizon
- multistage
- production rate
- state dependent
- expected cost
- inventory management
- optimal policy
- gray level
- lot sizing
- state space
- manufacturing systems
- supply chain
- expert systems
- production line
- stochastic demand
- markov chain
- inventory level
- raw material
- production planning
- artificial intelligence
- single product