Average-cost optimal policies for an unreliable flexible multiproduct machine

Average-cost optimal policies for an unreliable flexible multiproduct machine

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Article ID: iaor20001460
Country: United States
Volume: 11
Issue: 2
Start Page Number: 147
End Page Number: 157
Publication Date: Apr 1999
Journal: International Journal of Flexible Manufacturing Systems
Authors: ,
Abstract:

This paper is concerned with optimal production planning on a single failure-prone flexible machine that produces N distinct part types. The machine is flexible in the sense that no setup is required for switching from production of one part type to another. We consider the problem of controlling production rates to minimize the expected long-run average cost of product surpluses over time. We assume constant unit holding and shortage costs and constant demand rates for the part types. Moreover, the costs are assumed to be the same for all products. We provide an explicit optimal solution for the problem.

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