Optimal control of a production process subject to random deterioration

Optimal control of a production process subject to random deterioration

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Article ID: iaor1992329
Country: United States
Volume: 38
Issue: 6
Start Page Number: 1116
End Page Number: 1122
Publication Date: Nov 1990
Journal: Operations Research
Authors: , ,
Keywords: quality & reliability, production
Abstract:

A production process exhibits a decreasing pattern in the process mean in the course of production. The authors address the decision problem of selecting the starting level of the process mean and the level at which the process mean should be adjusted back to the starting level. The costs to be minimized are the long-run average cost of production, adjustment and loss for defective items. In addition to the optimal solution, simple approximate solutions are developed and shown to be more cost effective than a simple linear policy often applied to this problem.

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