LIP6 1998/022

• Reports
  Ordonnacement dynamique dans un système de production par anticipation.: une caractérisation partielle des politiques optimales
• F. de Véricourt, F. Karaesmen, Y. Dallery
• 33 pages - 06/02/1998- document en - http://www.lip6.fr/lip6/reports/1998/lip6.1998.022.ps.gz - 143 Ko
• Contact : Francis.Vericourt (at) nulllip6.fr, Fikri.Karaesmen (at) nulllip6.fr, Yves.Dallery (at) nulllip6.fr
• Ancien Thème : RP
We consider the problem of dynamically allocating production capacity between two products to minimize the average inventory and backorder costs per unit time in a make-to-stock single machine system. Using sample path comparisons and dynamic programming, we give a characterization of the optimal hedging point policy for a certain region of the state space. The characterization is simple enough to lead to easily implementable heuristics and provides a formal justification of some of the earlier heuristics proposed.

• Keywords : Make-to-stock production system, Dynamic scheduling, Multi item Inventory
  system, Stochastic control
• Publisher : Claude.Dutheillet (at) nulllip6.fr