This paper summarizes the results of its detailed version, which considers optimal infinite horizon stochastic production planning problems with capacity and demand to be finite state Markov chains. Turnpike set concepts are introduced to characterize the optimal inventory levels. It is shown...

This paper is concerned with explicit optimal control for a deterministic manufacturing system consisting of a single reliable machine and producing two part types studied by Connolly (Master Thesis, Operations Research Center, MIT, Cmbridge, 1992) and Gershwin (Manufacturing Systems...

This paper considers optimal infinite horizon stochastic production planning problems with capacity and demand to be finite state Markov chains. The existence of the optimal feedback control is shown with the aid of viscosity solutions to the dynamic programming equations. Turnpike set concepts...

This paper presents an asymptotic analysis of hierarchical manufacturing systems with stochastic demand and machines subject to breakdown and repair as the rate of change in machine states approaches infinity. This situation gives rise to a limiting problem in which the stochastic machine...