Variance reduction in a process with random linear drift

Variance reduction in a process with random linear drift

0.00 Avg rating0 Votes
Article ID: iaor19981115
Country: United Kingdom
Volume: 35
Issue: 6
Start Page Number: 1523
End Page Number: 1533
Publication Date: Jun 1997
Journal: International Journal of Production Research
Authors: ,
Abstract:

In this paper, we consider the model of Rahim and Banerjee for a process with random linear drift. We present a modification of this model, then we study the effect of the variance of the process on the optimal production cycle, and consequently on the total cost per good item. We also provide a numerical example.

Reviews

Required fields are marked *. Your email address will not be published.