Stochastic optimization algorithms for marketing-production manufacturing systems

G. Yin, H. Yan, Q. Zhang, E. K. Boukas

Research output: Journal Publications and ReviewsRGC 22 - Publication in policy or professional journal

Abstract

We develop a class of stochastic optimization algorithms for marketing-production systems. The system includes random demand and stochastic machine capacity; the algorithm is a constrained stochastic approximation procedure that uses random directions finite difference methods. Under fairly general conditions, we obtain convergence and rate convergence algorithm.
Original languageEnglish
Pages (from-to)925-930
JournalProceedings of the IEEE Conference on Decision and Control
Volume1
DOIs
Publication statusPublished - 1999
Externally publishedYes
EventThe 38th IEEE Conference on Decision and Control (CDC) - Phoenix, AZ, USA
Duration: 7 Dec 199910 Dec 1999

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