Optimal Capacity Expansion Over an Infinite Horizon

DOI10.1287/MNSC.31.12.1523MaRDI QIDQ3737160zbMATH OpenOpenAlexFDO

Authors James C. Bean, Robert L. Smith

Publication date 1985

Published in Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/mnsc.31.12.1523

zbMATH Keywords

finite number of durable facility sizesinfinite horizon expansion strategyoptimal initial capacity expansion

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Dynamic programming (90C39) Applications of mathematical programming (90C90)

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Cited in

(20)

• Planning horizons for capacity expansion
• Decision/forecast horizon results for a single facility dynamic location/relocation problem
• Degeneracy in infinite horizon optimization
• Economic investment times for capacity expansion problems
• Optimality of two-sided (\sigma, \Sigma) policy in capacity expansion problem
• Dual-based methods for solving infinite-horizon nonstationary deterministic dynamic programs
• Conditions for the discovery of solution horizons
• A stochastic programming approach for planning horizons of infinite horizon capacity planning problems
• A concave cost stochastic replacement problem.
• A concave cost multimachine replacement problem with an expected breakthrough.
• Capacity choice in multiple periods with demand uncertainty
• Capacity expansion under a service-level constraint for uncertain demand with lead times
• Optimal Capacity Expansion Planning When There are Learning Effects
• End effects in capacity expansion models with finite horizons
• Optimal capacity expansion under uncertainty
• Optimal policies for aggregate production and capacity planning under rapidly changing demand conditions
• Optimal cutoff strategies in capacity expansion problems
• Dual Ascent and Primal-Dual Algorithms for Infinite-Horizon Nonstationary Markov Decision Processes
• The effect of discretizing the planning period on the optimal cost of capacity expansion systems
• Dynamic evolution of economically preferred facilities

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