| dc.creator |
Graves, Stephen C. |
|
| dc.creator |
Keilson, Julian |
|
| dc.date |
2004-05-28T19:35:50Z |
|
| dc.date |
2004-05-28T19:35:50Z |
|
| dc.date |
1978-07 |
|
| dc.date.accessioned |
2013-10-09T02:39:20Z |
|
| dc.date.available |
2013-10-09T02:39:20Z |
|
| dc.date.issued |
2013-10-09 |
|
| dc.identifier |
http://hdl.handle.net/1721.1/5364 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/1721 |
|
| dc.description |
This paper considers a one-product, one-machine production/inventory probelm. Demand requests for the product are governed by a Poisson process with demand size being an exponential random variable. The production facility may be in production or idle; while in production, the facility produces continuously at a constant rate. The objective is to minimize system costs consisting of setup costs, inventory holding costs, and backorder costs. Given a two-critical-number policy, the problem is analyzed as a constrained Markov process using the compensation method. The policy space may then be searched to find the optimal policy. |
|
| dc.description |
Research supported, in part, by the Office of Naval Research under Contract N00014-75-C-0556. |
|
| dc.format |
1746 bytes |
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| dc.format |
1082337 bytes |
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| dc.format |
application/pdf |
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| dc.language |
en_US |
|
| dc.publisher |
Massachusetts Institute of Technology, Operations Research Center |
|
| dc.relation |
Operations Research Center Working Paper;OR 077-78 |
|
| dc.title |
The Compensation Method Applied to a One-Product Production Inventory Problem |
|
| dc.type |
Working Paper |
|