Some Results on Bellman Equations of Optimal Production Control in a Stochastic Manufacturing System
Joint Authors
Baten, Md. Azizul
Kamil, Anton Abdulbasah
Source
Journal of Probability and Statistics
Issue
Vol. 2009, Issue 2009 (31 Dec. 2009), pp.1-23, 23 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2009-07-02
Country of Publication
Egypt
No. of Pages
23
Main Subjects
Abstract EN
The paper studies the production inventory problem of minimizing the expected discounted present value of production cost control in a manufacturing system with degenerate stochastic demand.
We establish the existence of a unique solution of the Hamilton-Jacobi-Bellman (HJB) equations associated with this problem.
The optimal control is given by a solution to the corresponding HJB equation.
American Psychological Association (APA)
Baten, Md. Azizul& Kamil, Anton Abdulbasah. 2009. Some Results on Bellman Equations of Optimal Production Control in a Stochastic Manufacturing System. Journal of Probability and Statistics،Vol. 2009, no. 2009, pp.1-23.
https://search.emarefa.net/detail/BIM-466627
Modern Language Association (MLA)
Baten, Md. Azizul& Kamil, Anton Abdulbasah. Some Results on Bellman Equations of Optimal Production Control in a Stochastic Manufacturing System. Journal of Probability and Statistics No. 2009 (2009), pp.1-23.
https://search.emarefa.net/detail/BIM-466627
American Medical Association (AMA)
Baten, Md. Azizul& Kamil, Anton Abdulbasah. Some Results on Bellman Equations of Optimal Production Control in a Stochastic Manufacturing System. Journal of Probability and Statistics. 2009. Vol. 2009, no. 2009, pp.1-23.
https://search.emarefa.net/detail/BIM-466627
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-466627
