Ergodic control in stochastic manufacturing systems with constant demand

DOI10.1006/jmaa.1999.6659zbMath0966.93113MaRDI QIDQ1974224

Hiroaki Morimoto, Yasuhiro Fujita

Publication date: 7 May 2000

Published in: Journal of Mathematical Analysis and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jmaa.1999.6659

zbMATH Keywords

discount rate; stochastic manufacturing system; inventory level; average-optimal production rate; discounted total cost model

Mathematics Subject Classification ID

90B30: Production models

90B05: Inventory, storage, reservoirs

93E20: Optimal stochastic control

Related Items

Optimal ergodic control of Markov diffusion processes with minimum variance, The Lagrange and the vanishing discount techniques to controlled diffusions with cost constraints, The vanishing discount approach to constrained continuous-time controlled Markov chains

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