Optimal Replacement Schedule in a Deteriorating Production System With Deterministic, Random Lead Time for Replacement.
Chung-Chi HsiehYu-Te LiuPublished in: IEEE Trans. Reliab. (2010)
Keyphrases
- production system
- lead time
- optimal production
- replacement policy
- planning horizon
- poisson process
- stochastic demand
- production process
- single item
- lot sizing
- inventory level
- supply chain
- multistage
- single product
- expected cost
- service level
- holding cost
- lot size
- inventory management
- inventory control
- infinite horizon
- scheduling problem
- dynamic programming
- production rate
- inventory systems
- inventory models
- total cost
- optimal solution
- setup cost
- fixed cost
- multi item
- artificial intelligence
- production line
- production planning
- random variables
- stochastic lead times