Multilevel Hierarchical Decision Making in Stochastic Marketing–Production Systems

DOI10.1137/S0363012993250542zbMATH Open0826.93070OpenAlexW2068995341MaRDI QIDQ4698798FDOQ4698798

Q. 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

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 (8)

• INTEGRATED DECISION ON PRICING, PROMOTION AND INVENTORY MANAGEMENT
• 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
• A two-factor stochastic production model with two time scales
• Multilevel decision-making: a survey
• The dynamic multilevel assignment problem as a stochastic extremal process

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