Some results on Bellman equations of optimal production control in a stochastic manufacturing system (Q609673)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 5822132
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Some results on Bellman equations of optimal production control in a stochastic manufacturing system |
scientific article; zbMATH DE number 5822132 |
Statements
Some results on Bellman equations of optimal production control in a stochastic manufacturing system (English)
0 references
1 December 2010
0 references
The paper studies an optimal control problem in a manufacturing system with degenerate stochastic demand. The admissible controls are nonnegative production processes. The existence of a unique solution of the Hamilton-Jacobi-Bellman (HJB) equation associated with this problem is established. The optimal control is given by a solution of the HJB equation. The sections of the paper are Introduction; Riccati-based solution of Hamilton-Jacobi-Bellman equation; Bellman equations for discounted cost control; an application to production control.
0 references
manufacturing system
0 references
stochastic optimal control
0 references
Bellman equation
0 references
optimal production control
0 references
production inventory system
0 references
0 references
0.8932521
0 references
0.8914537
0 references
0.88634545
0 references
0.88439435
0 references
0.8841713
0 references
0.8815992
0 references
0.87633497
0 references
