Risk-Sensitive Production Planning of Stochastic Manufacturing Systems: A Singular Perturbation Approach

DOI10.1137/S0363012993243629zbMath0834.90072MaRDI QIDQ4698797

Qing Zhang

Publication date: 11 May 1995

Published in: SIAM Journal on Control and Optimization (Search for Journal in Brave)

zbMATH Keywords

risk-sensitive controlnear-optimal controlsrobust production planningstochastic manufacturing systemviscosity solution to the Isaacs equationzero- sum, two-player differential game

Mathematics Subject Classification ID

Differential games (aspects of game theory) (91A23) Applications of game theory (91A80) Production models (90B30) Optimal stochastic control (93E20) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25)

Related Items (8)

Hybrid optimal impulse control ⋮ The Dynkin game with regime switching and applications to pricing game options ⋮ Minimax production planning in failure-prone manufacturing systems ⋮ Optimal control of a multistate failure-prone manufacturing system under a conditional value-at-risk cost criterion ⋮ A central limit theorem for singularly perturbed nonstationary finite state Markov chains ⋮ Exponential bounds for discrete-time singularly perturbed Markov chains ⋮ Hierarchical production control in a stochastic \(N\)-machine flowshop with limited buffers ⋮ Hierarchical production control in dynamic stochastic jobshops with long-run average cost

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