We consider an assemble-to-order system with a high volume of prospective customers arriving per unit time. Our objective is to maximize expected infinite horizon discounted profit by choosing product prices, component production capacities, and a dynamic policy for sequencing customer orders...

1. Introduction -- 2. Control Problem -- Notation and definitions, motivation of later results -- 3. Railroad Train Example -- Motivation of a “bang-bang principle,” the time optimal and minimum fuel problems -- 4. Controllability -- Restricted and unrestricted control, the controllability...