Hedging policies for failure-prone manufacturing systems: optimality of JIT and bounds on buffer levels.
James R. PerkinsRayadurgam SrikantPublished in: IEEE Trans. Autom. Control. (1998)
Keyphrases
- manufacturing systems
- manufacturing environment
- complex systems
- petri net
- optimal production
- shop floor
- manufacturing processes
- flexible manufacturing systems
- quality control
- holonic manufacturing systems
- upper bound
- manufacturing process
- optimal solution
- assembly line
- manufacturing cell
- real time
- payoff functions
- replacement policy
- asymptotically optimal
- raw material
- average cost
- scheduling problem
- cooperative