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...

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...

This article considers the problem of equipment replacement in which the replacement decision at a particular time must take into account (i) the state of the existing machine in use, (ii) the available replacement alternatives at the time, (iii) the future advances in the relevant technologies...

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...