Stohastic optimal production control problem with corrective maintenance

@article{Kenn2004StohasticOP,
  title={Stohastic optimal production control problem with corrective maintenance},
  author={Jean-Pierre Kenn{\'e} and Ali Gharbi},
  journal={Computers & Industrial Engineering},
  year={2004},
  volume={46},
  pages={865-875}
}
We consider a production control problem in a manufacturing system with failure-prone machines and a constant demand rate. The objective is to minimise a discounted inventory holding and backlog cost over an infinite planning horizon. The availability of the machines is improved through a corrective maintenance strategy. The decision variables are the production and the machine repair rates, which influence the inventory levels and the system capacity, respectively. It is shown that, for… CONTINUE READING
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