search query: @indexterm Optimal control theory / total: 44
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| Author: | Veatch, M. Wein, L. |
| Title: | Optimal control of a two-station tandem production or inventory system |
| Journal: | Operations Research
1994 : MAR-APR, VOL. 42:2, p. 337-350 |
| Index terms: | OPTIMAL CONTROL THEORY PRODUCTION INVENTORIES |
| Language: | eng |
| Abstract: | A manufacturing facility consisting of two stations in tandem operates in a make-to-stock mode: after production items are placed in a finished goods inventory that services an exogenous Poisson demand. Demand that cannot be met from inventory is backordered. Each station is modeled as a queue with controllable production rate and exponential service times. The problem is to control these rates to minimize inventory holding and backordering costs. |
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