Multilevel Hierarchical Decision Making in Stochastic Marketing–Production Systems

DOI10.1137/S0363012993250542zbMATH Open0826.93070OpenAlexW2068995341MaRDI QIDQ4698798FDOQ4698798

Authors: Suresh P. Sethi, Q. Zhang 

Publication date: 27 November 1995

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

Full work available at URL: https://doi.org/10.1137/s0363012993250542

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zbMATH Keywords

Markov processeshierarchical controlasymptotic optimalityinfinite horizonmarketing-production systems

Mathematics Subject Classification ID

Dynamic programming (90C39) Production models (90B30) Hierarchical systems (93A13) Optimal stochastic control (93E20)

Cited In (10)

• A two-level hierarchical Markov decision model with considering interaction between levels
• The hierarchical control of ST-finite-state machines
• A numerical method to approximate optimal production and maintenance plan in a flexible manufacturing system
• Analyzing operational risk-reward trade-offs for start-ups
• Stochastic programming approaches to stochastic scheduling
• Integrated decision on pricing, promotion and inventory management
• A two-factor stochastic production model with two time scales
• Multilevel decision-making: a survey
• Hierarchical decomposition of production and capacity investment decisions in stochastic manufacturing systems
• The dynamic multilevel assignment problem as a stochastic extremal process

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