Showing 1 - 10 of 11
A single-machine multiproduct manufacturing system with random breakdowns and random repair times is considered. Under a weak capacity condition on the system it is shown that the total work-in-progress (WIP) is a recurrent stochastic process. By replacing the stochastic model by a deterministic...
Persistent link: https://www.econbiz.de/10012746440
A single machine processing different types of parts is considered. Switching from one type to another involves a setup time. The part types may have different processing times. The resulting scheduling problem is treated as a dynamical system for which several feedback policies that are...
Persistent link: https://www.econbiz.de/10012746791
We consider a single machine, multiproduct manufacturing system, which can operate at finitely many quality levels. The quality of the machine deteriorates according to a continuous-time Markov process and the only way to improve the quality is by replacing the machine by a new one. In this...
Persistent link: https://www.econbiz.de/10012751058
In this paper, we develop a theoretical framework for the common business practice of rolling horizon decision making. The main idea of our approach is that the usefulness of rolling horizon methods is, to a great extent, implied by the fact that forecasting the future is a costly activity. We,...
Persistent link: https://www.econbiz.de/10012751657
We derive a sharp upper bound on the minimal forecast horizon in the discounted dynamic lot size model with constant initial demand. This bound is given by m(m 1), where m is the EOQ's worth, i.e., the number of periods for which the total demand equals Economic Order Quantity. Our results do...
Persistent link: https://www.econbiz.de/10012706709
The concept of a forecast horizon for a given player with respect to the set of equilibria in an abstract dynamic game is defined. Consideration is then given to the case of a stochastic dynamic game with memory-less perfect state information and the Nash equilibrium concept. Sufficient...
Persistent link: https://www.econbiz.de/10012833261
In this paper we analyse a control‐theoretic model of a country possessing a finite amount of a non‐renewable resource. The country can both consume the indigenous resource and export it. Moreover, a substitute for the indigenous resource is available at a given backstop price. We obtain the...
Persistent link: https://www.econbiz.de/10012833282
We propose a new class of knapsack problems by assiuning that the sizes of the items to be put into a knapsack are known to be elements 0f a given subset S of the positive integers Z'^. The set S is treated as a parameter. We show that the family of knapsack problems obtained by varying the...
Persistent link: https://www.econbiz.de/10014046436
In this paper, we analyse a control theoretic model of a country possessing a finite amount of a nonrenewable resource. The country can both consume the indigenous resource and export it. Moreover, a substitute for the indigenous resource is available at a given backstop price. We obtain the...
Persistent link: https://www.econbiz.de/10014046443
In this paper, we deal with the problem of sequencing parts and robot moves in a robotic cell where the robot is used to feed machines in the cell. The robotic cell, which produces a set of parts of the same or different types, is a flow-line manufacturing system. Our objective is to maximize...
Persistent link: https://www.econbiz.de/10014047541