Optimal production control in a discrete manufacturing system with unreliable machines and random demands

@article{Feng2000OptimalPC,
  title={Optimal production control in a discrete manufacturing system with unreliable machines and random demands},
  author={Youyi Feng and Houmin Yan},
  journal={IEEE Trans. Automat. Contr.},
  year={2000},
  volume={45},
  pages={2280-2296}
}
We consider a production control problem in a manufacturing system with a failure-prone machine and a stochastic demand. The objective is to minimize a discounted inventory holding and backlog cost over an infinite planning horizon. The optimal production control of continuous, stochastic manufacturing systems with a failure-prone machine and a constant demand has been considered in Akella and Kumar [1]. However, the problem of optimal production control for discrete stochastic manufacturing… CONTINUE READING
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