The Compensation Method Applied to a One-Product Production/Inventory Problem (Q3960443): Difference between revisions

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Latest revision as of 00:20, 22 December 2024

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The Compensation Method Applied to a One-Product Production/Inventory Problem
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    The Compensation Method Applied to a One-Product Production/Inventory Problem (English)
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    1981
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    one-product, one-machine, production/inventory problem
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    minimization of total system costs
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    setup costs
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    inventory holding costs
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    backorder costs
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    two-critical-number policy
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    constrained Markov process
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    compensation method
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    closed-form expression for system cost
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    optimal policy
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    server backlog process
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    M/M/1 system
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    Green's function methods
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    Poisson demand process
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    exponential demand size
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