Optimal control of a multistate failure-prone manufacturing system under a conditional value-at-risk cost criterion
DOI10.1007/S10957-014-0668-6zbMATH Open1327.93402OpenAlexW2090884848MaRDI QIDQ896177FDOQ896177
Authors: Amir Ahmadi-Javid, Roland P. Malhamé 
Publication date: 14 December 2015
Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s10957-014-0668-6
Recommendations
- Optimal control of failure-prone manufacturing systems with constant repair times
- Optimal hedging point control for a failure-prone manufacturing system
- Optimal control of production rate in a failure prone manufacturing system
- Asymptotic optimal controls in stochastic manufacturing systems with machine failures dependent on production rates
- Optimal threshold control in discrete failure-prone manufacturing systems
- Optimal Control of a Partially Observable Failing System with Costly Multivariate Observations
- scientific article; zbMATH DE number 912599
- Control of manufacturing systems with a two-value, production-dependent failure rate
stochastic optimal controlconditional value-at-riskproduction controllong-run average costfailure-prone manufacturing systemhedging-point control policyrisk-averse criterion
Decision theory (91B06) Stochastic programming (90C15) Actuarial science and mathematical finance (91G99) Feedback control (93B52) Optimal stochastic control (93E20)
Cites Work
- Coherent measures of risk
- Lectures on Stochastic Programming
- Optimal control of production rate in a failure prone manufacturing system
- Optimality of Zero-Inventory Policies for Unreliable Manufacturing Systems
- Production rate control for failure-prone production systems with no backlog permitted
- Hedging Point Policies Remain Optimal Under Limited Backlog and Inventory Space
- Optimization of Convex Risk Functions
- Optimality of a Two-Threshold Feedback Control for a Manufacturing System With a Production Dependent Failure Rate
- On the ordering of optimal hedging points in a class of manufacturing flow control models
- Production control of a manufacturing system with multiple machine states
- Optimal production planning in a stochastic manufacturing system with long-run average cost
- Optimal threshold levels in stochastic fluid models via simulation-based optimization
- A manufacturing system with general stationary failure process: stability and IPA of hedging control policies
- Risk-Sensitive Production Planning of Stochastic Manufacturing Systems: A Singular Perturbation Approach
Cited In (5)
- Optimal Control of a Partially Observable Failing System with Costly Multivariate Observations
- Economic design of memory-type control charts: the fallacy of the formula proposed by Lorenzen and Vance (1986)
- Non-zero sum differential game for stochastic Markovian jump systems with partially unknown transition probabilities
- Optimal Control of Conditional Value-at-Risk in Continuous Time
- Optimal control of a failure-prone machine under random demand
This page was built for publication: Optimal control of a multistate failure-prone manufacturing system under a conditional value-at-risk cost criterion
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q896177)
