Showing 141 - 150 of 615
This paper is concerned with the problem of production planning in a flexible manufacturing system consisting of a single or parallel failure-prone machines producing a number of different products. The objective is to choose the rates of production of the various products over time in order to...
Persistent link: https://www.econbiz.de/10012835293
The optimal production control problem of deterministic pull flow lines with multiple part types is considered in this paper. The last machine is assumed to be the bottleneck. The objective is to minimize the total inventory and backlog costs over time. We give an optimal production policy and...
Persistent link: https://www.econbiz.de/10012835295
Most manufacturing systems are large and complex and operate in an uncertain environment. One approach to managing such systems is that of hierarchical decomposition. This paper reviews the research devoted to proving that a hierarchy based on the frequencies of occurrence of different types of...
Persistent link: https://www.econbiz.de/10012835303
This paper considers an optimal control problem for the dynamics of a contagion model, the optimal control being the rate of advertising expenditure that maximizes the present value of net profit streams over an infinite horizon. By using a Green's theorem approach, it is shown that there are...
Persistent link: https://www.econbiz.de/10012835594
This paper is concerned with the problem of production planning in a flexible manufacturing system consisting of a single or parallel failure-prone machines producing a number of different products. The objective is to choose the rates of production of the various products over time in order to...
Persistent link: https://www.econbiz.de/10012835668
This paper considers an optimal production planning problem for an infinite horizon stochastic manufacturing system with long-run average cost criterion. The optimal feedback control is characterized by turnpike sets with the aid of viscosity solutions to the dynamic programming equations. The...
Persistent link: https://www.econbiz.de/10012836859
We consider a stochastic multi-product inventory model with a ware-housing constraint with the objective of minimizing the expected long-run average cost. Using the vanishing discount approach, a dynamic programming equation and the corresponding verification result are established. The...
Persistent link: https://www.econbiz.de/10012836963
We develop a genetic algorithm (GA) for a real-life problem of scheduling of the golf-club-head injection process performed on a set of parallel machines. In our study, the orders for club heads are usually requested by sets with certain due dates and can be shipped only if they are complete....
Persistent link: https://www.econbiz.de/10012837010
In the Industry 4.0 era, emerging technologies such as big data analytics and blockchain can improve supply chain operations by updating information to reduce demand uncertainty and improving data quality. We conduct a theoretical exploration of the values provided by such technologies in the...
Persistent link: https://www.econbiz.de/10012837116
We propose a model to assess the value of a distributor in a dynamic stochastic cooperative advertising supply chain in which a manufacturer wholesales its product to the distributor who in turn sells it to a retailer. Moreover and importantly, the distributor also intermediates the pricing and...
Persistent link: https://www.econbiz.de/10012837118