Multilevel Hierarchical Decision Making in Stochastic Marketing–Production Systems

DOI10.1137/S0363012993250542zbMath0826.93070OpenAlexW2068995341MaRDI QIDQ4698798

Qing Zhang, Suresh P. Sethi

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

zbMATH Keywords

infinite horizonMarkov processesasymptotic optimalityhierarchical controlmarketing-production systems

Mathematics Subject Classification ID

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

Related Items (7)

Analyzing operational risk-reward trade-offs for start-ups ⋮ The hierarchical control of ST-finite-state machines ⋮ INTEGRATED DECISION ON PRICING, PROMOTION AND INVENTORY MANAGEMENT ⋮ A two-factor stochastic production model with two time scales ⋮ Stochastic programming approaches to stochastic scheduling ⋮ The dynamic multilevel assignment problem as a stochastic extremal process ⋮ A numerical method to approximate optimal production and maintenance plan in a flexible manufacturing system

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