Hierarchical Production Control In A Stochastic Manufacturing System With Long Run Average Cost
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Hierarchical Production Control In A Stochastic Manufacturing System With Long Run Average Cost
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Author : Suresh Sethi
language : en
Publisher:
Release Date : 2009
Hierarchical Production Control In A Stochastic Manufacturing System With Long Run Average Cost written by Suresh Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This paper presents an asymptotic analysis of a stochastic manufacturing system consisting of parallel machines subject to breakdown and repair and facing a constant demand, as the rates of change of the machine states approach infinity. This situation gives rise to a limiting problem in which the stochastic machine availability is replaced by its equilibrium mean availability. The long-run average cost for the original problem converges to the long-run average cost of the limiting problem. Open-loop and feedback controls for the original problem are constructed from optimal controls of the limiting problem in a way that guarantees their asymptotic optimality. The convergence rate of the long-run average cost for the original problem to that of the limiting problem is established. This helps in providing an error estimate for the constructed open-loop asymptotic optimal control.
Hierarchical Production Controls For A Stochastic Manufacturing System With Long Run Average Cost
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Author : Suresh Sethi
language : en
Publisher:
Release Date : 2008
Hierarchical Production Controls For A Stochastic Manufacturing System With Long Run Average Cost written by Suresh Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper presents an extension of earlier research on hierarchical control of stochastic manufacturing systems with long-run average cost in which a positive inventory deterioration/cancellation rate for each product is assumed. Here we drop the assumption of the positive inventory deterioration/cancellation rate for each product, and give an asymptotic analysis of the manufacturing systems as the rates of change of the machine states approach infinity. We obtain a limiting problem in which the stochastic machine availability is replaced by its equilibrium mean availability. We use a near optimal control of the limiting problem to construct nearly asymptotically optimal open-loop piecewise deterministic controls for the original problem.
Average Cost Control Of Stochastic Manufacturing Systems
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Author : Suresh P. Sethi
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-03-22
Average Cost Control Of Stochastic Manufacturing Systems written by Suresh P. Sethi and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-22 with Business & Economics categories.
This book articulates a new theory that shows that hierarchical decision making can in fact lead to a near optimization of system goals. The material in the book cuts across disciplines. It will appeal to graduate students and researchers in applied mathematics, operations management, operations research, and system and control theory.
Hierarchical Production Planning In A Stochastic Manufacturing System With Long Run Average Cost
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Author : Suresh Sethi
language : en
Publisher:
Release Date : 2008
Hierarchical Production Planning In A Stochastic Manufacturing System With Long Run Average Cost written by Suresh Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper deals with an asymptotic analysis of hierarchical production planning in stochastic manufacturing systems consisting of a single or parallel failure-prone machines producing a number of different products without attrition. The objective is to choose production rates over time in order to minimize the long-run average expected cost of production and surplus. As the rate of machine break-down and repair approaches infinity, the analysis results in a limiting problem in which the stochatic machine capacity is replaced by the equilibrium mean capacity. The optimal value for the original problem is proved to converge to the optimal value of the limiting problem. This suggests a heuristic to construct an open-loop control for the original stochastic problem from the open-loop control of the limiting deterministic problem. We as well as obtain error bound estimates for constructed open-loop controls.
Hierarchical Production Control In A Stochastic N Machine Flowshop With Long Run Average Cost
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Author : Suresh Sethi
language : en
Publisher:
Release Date : 2008
Hierarchical Production Control In A Stochastic N Machine Flowshop With Long Run Average Cost written by Suresh Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper presents an asymptotic analysis of stochastic manufacturing systems consisting of machines in tandem subject to breakdown and repair and facing a constant demand, as the rates of change of the machine states approach infinity. This situation gives rise to a limiting problem in which the stochastic machine availability is replaced by its equilibrium mean availability. The long-run average cost for the original problem converges to the long-run average cost of the limiting problem.A method of shrinking and entire lifting is introduced in order to construct the near optimal controls for the original problem by using near optimal controls of the limiting problem. The convergence rate of the long-run average cost for the original problem to that of the limiting problem is established. This helps in providing an error estimate for the constructed open-loop asymptotic optimal control.
Hierarchical Production Control In Dynamic Stochastic Jobshops With Long Run Average Cost
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Author : Suresh Sethi
language : en
Publisher:
Release Date : 2008
Hierarchical Production Control In Dynamic Stochastic Jobshops With Long Run Average Cost written by Suresh Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
We consider a production planning problem for a dynamic jobshop producing a number of products and subject to breakdown and repair of machines. The machine capacities are assumed to be finite state Markov chains. As the rates of change of the machine states approach infinity, an asymptotic analysis of this stochastic manufacturing systems is given. The analysis results in a limiting problem in which the stochastic machine availability is replaced by its equilibrium mean availability. The long-run average cost for the original problem is shown to converge to the long-run average cost of the limiting problem. The convergence rate of the long-run average cost for the original problem to that of the limiting problem together with an error estimate for the constructed asymptotic optimal control is established.
Average Cost Control Of Stochastic Manufacturing Systems
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Author : Suresh P. Sethi
language : en
Publisher:
Release Date : 2005
Average Cost Control Of Stochastic Manufacturing Systems written by Suresh P. Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Cost accounting categories.
Most manufacturing systems are large, complex, and operate in an environment of uncertainty. It is common practice to manage such systems in a hierarchical fashion. This book articulates a new theory that shows that hierarchical decision making can in fact lead to a near optimization of system goals. The material in the book cuts across disciplines. It will appeal to graduate students and researchers in applied mathematics, operations management, operations research, and system and control theory.
Hierarchical Decision Making In Stochastic Manufacturing Systems
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Author : Suresh P. Sethi
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Hierarchical Decision Making In Stochastic Manufacturing Systems written by Suresh P. Sethi and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Technology & Engineering categories.
One of the most important methods in dealing with the optimization of large, complex systems is that of hierarchical decomposition. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problems, and to construct a solution of the original problem from the solutions of these simpler prob lems. Development of such approaches for large complex systems has been identified as a particularly fruitful area by the Committee on the Next Decade in Operations Research (1988) [42] as well as by the Panel on Future Directions in Control Theory (1988) [65]. Most manufacturing firms are complex systems characterized by sev eral decision subsystems, such as finance, personnel, marketing, and op erations. They may have several plants and warehouses and a wide variety of machines and equipment devoted to producing a large number of different products. Moreover, they are subject to deterministic as well as stochastic discrete events, such as purchasing new equipment, hiring and layoff of personnel, and machine setups, failures, and repairs.
Optimal Production Planning In A Stochastic Manufacturing System With Long Run Average Cost
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Author : Suresh Sethi
language : en
Publisher:
Release Date : 2019
Optimal Production Planning In A Stochastic Manufacturing System With Long Run Average Cost written by Suresh Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
This paper is concerned with the optimal production planning in a dynamic stochastic manufacturing system consisting of a single machine that is failure prone and facing a constant demand. The objective is to choose the rate of production over time in order to minimize the long-run average cost of production and surplus. The analysis proceeds with a study of the corresponding problem with a discounted cost. It is shown using the vanishing discount approach that the Hamilton-Jacobi-Bellman equation for the average cost problem has a solution giving rise to the minimal average cost and the so-called potential function. The result helps in establishing a verification theorem. Finally, the optimal control policy is specified in terms of the potential function.
Computational Evaluation Of Hierarchical Production Control Policies For Stochastic Manufacturing Systems
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Author : Chand Samaratunga
language : en
Publisher:
Release Date : 2009
Computational Evaluation Of Hierarchical Production Control Policies For Stochastic Manufacturing Systems written by Chand Samaratunga and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This paper is concerned with near-optimal control of manufacturing systems consisting of two unreliable machines in tandem and having the objective of minimizing the total discounted cost of inventories/shortages over an infinite horizon. Asymptotic optimal feedback controls are constructed with respect to the rate of machine breakdown/repair as compared to the given discount rate. Performance of these controls, known as hierarchical controls, is compared with the optimal cost (when possible) and the costs obtained with two well-known heuristics, known as Kanban controls and two boundary controls. It is shown that hierarchical controls perform better than Kanban controls in some cases and no worse in others. Costs of hierarchical and two boundary controls are not significantly different, although the former is a simpler policy than the latter. Also examined computationally is the asymptotic nature of hierarchical controls.