Two hedging points policy for an unreliable manufacturing system

• Autorzy: Ryszarda Rempała
• Języki publikacji: EN

Abstrakty

EN

This paper deals with an unreliable manufacturing system in which limited backlog is allowed. An admissible production policy is described by two decision parameters: upper and lower hedging points. The objective is to find the optimum hedging points so as to minimize the long run average expected cost under an additional condition. The condition expresses a constraint for the limiting probability of the event that the system stays at the lower hedging point, which corresponds to a limit of backlog. The cost consists of two parts: holding inventory cost and shortage cost. The optimum hedging points are determined.

Kategorie tematyczne

• 90B05: Inventory, storage, reservoirs

• Wydawca: Institute of Mathematics Polish Academy of Sciences
• Czasopismo: Applicationes Mathematicae
• Rocznik: 2002
• Tom: 29
• Numer: 3
• Strony: 313-330

Daty

wydano

2002

Twórcy

autor

Ryszarda Rempała

• Institute of Mathematics, Polish Academy of Sciences, Śniadeckich 8, 00-950 Warszawa, Poland

Identyfikatory

DOI

10.4064/am29-3-5