An Optimal Stochastic Production Planning Problem with Randomly Fluctuating Demand

This paper considers an infinite horizon stochastic production planning problem with demand assumed to be a continuous-time Markov chain. The problems with control (production) and state (inventory) constraints are treated. It is shown that a unique optimal feedback solution exists, after first showing that convex viscosity solutions to the associated dynamic programming equation are continuously differentiable

MoreLess

Year of publication:	[2017]
Authors:	Fleming, Wendell H
Other Persons:	Sethi, Suresh (contributor) ; Soner, Halil Mete (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Stochastischer Prozess \| Stochastic process \| Theorie \| Theory \| Produktionsplanung \| Production planning \| Mathematische Optimierung \| Mathematical programming

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (9 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: SIAM Journal on Control and Optimization, Vol. 25, No. 6, pp. 1494-1502, 1987 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1987 erstellt
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; M11 - Production Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012746800