Production with Risk Hedging - Optimal Policy and Efficient Frontier.
Liao WangDavid D. YaoPublished in: Oper. Res. (2017)
Keyphrases
- optimal policy
- efficient frontier
- multiple criteria
- decision problems
- data envelopment analysis
- optimal production
- linear program
- decision makers
- finite horizon
- markov decision processes
- dynamic programming
- inventory level
- infinite horizon
- state space
- multistage
- reinforcement learning
- state dependent
- multi objective
- lot size
- long run
- production system
- production planning
- sufficient conditions
- linear programming
- control policies
- multi criteria
- production process
- average reward
- input output
- decision making
- production rate
- markov decision problems
- average cost
- markov decision process
- genetic algorithm
- machine learning
- lost sales
- objective function
- production line
- production cost