Optimal single-replacement for repairable products with different failure rate under a finite planning horizon.
Wen Liang ChangPublished in: Int. J. Syst. Sci. (2015)
Keyphrases
- optimal production
- failure rate
- planning horizon
- production rate
- production process
- raw material
- expected cost
- production cost
- production system
- multi period
- manufacturing systems
- lot sizing
- inventory management
- state dependent
- supply chain
- lot size
- dynamic programming
- total cost
- random variables
- lead time
- production planning
- optimal solution
- capacity expansion
- production line
- multistage
- ordering policy
- optimal policy
- fixed cost
- infinite horizon
- optimal control
- optimal strategy
- inventory models
- upper bound
- inventory policy
- long run
- single product
- service level