Abstract
This paper studies the scheduling problem for two products on a single production facility. The objective is to specify a production and setup policy that minimizes the average inventory, backlog, and setup costs. Assuming that the production rate can be adjusted during the production runs, we provide a close form for an optimal production and setup schedule. Dynamic programming and Hamilton-Jacobi-Bellman equation is used to verify the optimality of the obtained policy.
| Original language | English |
|---|---|
| Pages (from-to) | 291-311 |
| Journal | Annals of Operations Research |
| Volume | 98 |
| Issue number | 1-4 |
| DOIs | |
| Publication status | Published - Dec 2000 |
| Externally published | Yes |
Research Keywords
- Controllable production rate
- HJB equation
- Production and setup scheduling
Fingerprint
Dive into the research topics of 'Optimal Production and Setup Scheduling: A One-Machine, Two-Product System'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver