The Stochastic Learning Curve: Optimal Production in the Presence of Learning-Curve Uncertainty

DOI10.1287/OPRE.45.3.440zbMATH Open0891.90081OpenAlexW2053697946MaRDI QIDQ4367236FDOQ4367236

Joseph B. Mazzola, Kevin McCardle

Publication date: 25 November 1997

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.45.3.440

zbMATH Keywords

discrete-time, infinite-horizon, dynamic programmingmonopolistic production planningproduction learningstochastic learning-curve model

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Production models (90B30)

Cited In (9)

• Manufacturing process changes: myopic and long-term planning
• Optimal investment in learning-curve technologies
• Wright meets Markowitz: how standard portfolio theory changes when assets are technologies following experience curves
• A road map to new product success: warranty, advertisement and price
• Multiproduct production planning in the presence of work-force learning
• Analytical solution for a class of learning by doing models with multiplicative uncertainty
• Production, inventory, and pricing under cost and demand learning effects
• Asynchronous stochastic learning curve effects in engineering-to-order customisation processes
• Optimal product lifecycle and partial information with active learning

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