Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
698722 | Automatica | 2005 | 6 Pages |
Abstract
In this paper we consider a failure prone, single machine, single part-type, limited inventory, manufacturing system subject to a non-homogeneous Markov failure/repair process with the failure rate depending on the production rate through a two-value function. The problem is to minimize a cost function which includes a penalty for waiting customers. We derive and prove the optimality of a policy which depends on a threshold but is not the so-called hedging point policy, optimal for the Markov homogeneous case.
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Physical Sciences and Engineering
Engineering
Control and Systems Engineering
Authors
Francesco Martinelli,