Stochastic Dynamic Job Shops and Hierarchical Production Planning

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Stochastic Dynamic Job Shops and Hierarchical Production Planning by : Suresh Sethi

Download or read book Stochastic Dynamic Job Shops and Hierarchical Production Planning written by Suresh Sethi and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an asymptotic analysis of hierarchical production planning in a general manufacturing system consisting of a network of unreliable machines producing a variety of products. The concept of a dynamic job shop is introduced by interpreting the system as a directed graph, and the structure of the system dynamics is characterized for its use in the asymptotic analysis. The optimal control problem for the system is a state-constrained problem, since the number of parts in any buffer between any two machines must remain nonnegative. A limiting problem is introduced in which the stochastic machine capacities are replaced by corresponding equilibrium mean capacities, as the rate of change in machine states approaches infinity. The value function of the original problem is shown to converge to that of the limiting problem, and the convergence rate is obtained. Furthermore, near-optimal controls for the original problem are constructed from near-optimal controls of the limiting problem, and an error estimate is obtained on the near optimality of the constructed controls.

Hierarchical Production Control in Dynamic Stochastic Jobshops with Long-Run Average Cost

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ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Hierarchical Production Control in Dynamic Stochastic Jobshops with Long-Run Average Cost by : Suresh Sethi

Download or read book Hierarchical Production Control in Dynamic Stochastic Jobshops with Long-Run Average Cost written by Suresh Sethi and published by . This book was released on 2008 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Hierarchical Decision Making in Stochastic Manufacturing Systems

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Publisher : Springer Science & Business Media
ISBN 13 : 146120285X
Total Pages : 420 pages
Book Rating : 4.4/5 (612 download)

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Book Synopsis Hierarchical Decision Making in Stochastic Manufacturing Systems by : Suresh P. Sethi

Download or read book Hierarchical Decision Making in Stochastic Manufacturing Systems written by Suresh P. Sethi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Hierarchical Production Planning in Dynamic Stochastic Manufacturing Systems

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Hierarchical Production Planning in Dynamic Stochastic Manufacturing Systems by : Qing Zhang

Download or read book Hierarchical Production Planning in Dynamic Stochastic Manufacturing Systems written by Qing Zhang and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an asymptotic analysis of hierarchical manufacturing systems with stochastic demand and machines subject to breakdown and repair as the rate of change in machine states approaches infinity. This situation gives rise to a limiting problem in which the stochastic machine availability is replaced by the equilibrium mean availability. The value function for the original problem converges to the value function of the limiting problem. Moreover, a control for the original problem can be constructed from the optimal control of the limiting problem in a way which guarantees its asymptotic optimality. Asymptotic properties of the system trajectories are analyzed for both feedback and open loop controls in the system. The convergence rate of the value function for the original problem is found. This helps in providing an error estimate for the constructed asymptotically optimal control.

Handbook of Stochastic Analysis and Applications

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Publisher : CRC Press
ISBN 13 : 1482294702
Total Pages : 808 pages
Book Rating : 4.4/5 (822 download)

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Book Synopsis Handbook of Stochastic Analysis and Applications by : D. Kannan

Download or read book Handbook of Stochastic Analysis and Applications written by D. Kannan and published by CRC Press. This book was released on 2001-10-23 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to general theories of stochastic processes and modern martingale theory. The volume focuses on consistency, stability and contractivity under geometric invariance in numerical analysis, and discusses problems related to implementation, simulation, variable step size algorithms, and random number generation.

Operations Research

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Publisher : IAP
ISBN 13 : 1607529254
Total Pages : 393 pages
Book Rating : 4.6/5 (75 download)

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Book Synopsis Operations Research by : Jay E. Aronson

Download or read book Operations Research written by Jay E. Aronson and published by IAP. This book was released on 2009-04-01 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawn from a conference honoring Gerald L. Thompson, the pioneer of operations research, this volume brings together some of the latest writings of major figures in the field. The volume is divided into four parts: the first part reviews the career and significance of Thompson, the second concentrates on linear and nonlinear optimization, the third looks at network and integer programming, and the fourth provides examples of applications-oriented research in manufacturing. This volume will be an invaluable resource for all scholars and researchers involved in theory and methodology in operations research and management science.

Optimal Production Planning in Stochastic Jobshops with Long-Run Average Cost

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Optimal Production Planning in Stochastic Jobshops with Long-Run Average Cost by : Ernst Presman

Download or read book Optimal Production Planning in Stochastic Jobshops with Long-Run Average Cost written by Ernst Presman and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a production planning problem for a general jobshop producing a number of products and subject to breakdown and repair of machines. The machine capacities are modeled as Markov chains. The objective is to choose the rates of production of the final products and intermediate parts on the various machines over time in order to meet the demand for the system's production at the minimum long-run average cost of production and surplus. The problem is formulated as a stochastic dynamic program. We prove a verification theorem and derive the optimal feedback control policy in terms of the directional derivatives of the so-called potential function. Finally, we construct a potential function in the special case of a jobshop producing only one final product.

Optimization, Dynamics, and Economic Analysis

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Publisher : Springer Science & Business Media
ISBN 13 : 3642576842
Total Pages : 434 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Optimization, Dynamics, and Economic Analysis by : Engelbert J. Dockner

Download or read book Optimization, Dynamics, and Economic Analysis written by Engelbert J. Dockner and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes a collection of articles that present recent developments in the fields of optimization and dynamic game theory, economic dynamics, dynamic theory of the firm, and population dynamics and non standard applications of optimal control theory. The authors of the articles are well respected authorities in their fields and are known for their high quality research in the fields of optimization and economic dynamics.

Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems

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Publisher : Springer Science & Business Media
ISBN 13 : 0387338152
Total Pages : 397 pages
Book Rating : 4.3/5 (873 download)

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Book Synopsis Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems by : Houmin Yan

Download or read book Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems written by Houmin Yan and published by Springer Science & Business Media. This book was released on 2006-09-10 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume contains 16 research articles. It presents recent and pressing issues in stochastic processes, control theory, differential games, optimization, and their applications in finance, manufacturing, queueing networks, and climate control. One of the salient features is that the book is highly multi-disciplinary. The book is dedicated to Professor Suresh Sethi on the occasion of his 60th birthday, in view of his distinguished career.

Optimization Models and Concepts in Production Management

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Publisher : CRC Press
ISBN 13 : 9782884490207
Total Pages : 364 pages
Book Rating : 4.4/5 (92 download)

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Book Synopsis Optimization Models and Concepts in Production Management by : Bradimaarte

Download or read book Optimization Models and Concepts in Production Management written by Bradimaarte and published by CRC Press. This book was released on 1995-04-13 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimization techniques in production management are becoming increasingly important for efficient and competitive manufacturing. This book presents a collection of tutorial papers by outstanding researchers on the application of optimization concepts. Topics introduced include hierarchical production planning and large scale scheduling, optimal production control, exact and heuristic algorithms for production scheduling and stochastic modelling.

Average-Cost Control of Stochastic Manufacturing Systems

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Publisher : Springer Science & Business Media
ISBN 13 : 0387276157
Total Pages : 323 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Average-Cost Control of Stochastic Manufacturing Systems by : Suresh P. Sethi

Download or read book Average-Cost Control of Stochastic Manufacturing Systems written by Suresh P. Sethi and published by Springer Science & Business Media. This book was released on 2006-03-22 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Maintenance, Modeling and Optimization

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Publisher : Springer Science & Business Media
ISBN 13 : 1461543290
Total Pages : 481 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Maintenance, Modeling and Optimization by : Mohamed Ben-Daya

Download or read book Maintenance, Modeling and Optimization written by Mohamed Ben-Daya and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production costs are being reduced by automation, robotics, computer-integrated manufacturing, cost reduction studies and more. These new technologies are expensive to buy, repair, and maintain. Hence, the demand on maintenance is growing and its costs are escalating. This new environment is compelling industrial maintenance organizations to make the transition from fixing broken machines to higher-level business units for securing production capacity. On the academic front, research in the area of maintenance management and engineering is receiving tremendous interest from researchers. Many papers have appeared in the literature dealing with the modeling and solution of maintenance problems using operations research (OR) and management science (MS) techniques. This area represents an opportunity for making significant contributions by the OR and MS communities. Maintenance, Modeling, and Optimization provides in one volume the latest developments in the area of maintenance modeling. Prominent scholars have contributed chapters covering a wide range of topics. We hope that this initial contribution will serve as a useful informative introduction to this field that may permit additional developments and useful directions for more research in this fast-growing area. The book is divided into six parts and contains seventeen chapters. Each chapter has been subject to review by at least two experts in the area of maintenance modeling and optimization. The first chapter provides an introduction to major maintenance modeling areas illustrated with some basic models. Part II contains five chapters dealing with maintenance planning and scheduling. Part III deals with preventive maintenance in six chapters. Part IV focuses on condition-based maintenance and contains two chapters. Part V deals with integrated production and maintenance models and contains two chapters. Part VI addresses issues related to maintenance and new technologies, and also deals with Just-in-Time (JIT) and Maintenance.

Stochastic Controls

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Publisher : Springer Science & Business Media
ISBN 13 : 1461214661
Total Pages : 459 pages
Book Rating : 4.4/5 (612 download)

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Book Synopsis Stochastic Controls by : Jiongmin Yong

Download or read book Stochastic Controls written by Jiongmin Yong and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: As is well known, Pontryagin's maximum principle and Bellman's dynamic programming are the two principal and most commonly used approaches in solving stochastic optimal control problems. * An interesting phenomenon one can observe from the literature is that these two approaches have been developed separately and independently. Since both methods are used to investigate the same problems, a natural question one will ask is the fol lowing: (Q) What is the relationship betwccn the maximum principlc and dy namic programming in stochastic optimal controls? There did exist some researches (prior to the 1980s) on the relationship between these two. Nevertheless, the results usually werestated in heuristic terms and proved under rather restrictive assumptions, which were not satisfied in most cases. In the statement of a Pontryagin-type maximum principle there is an adjoint equation, which is an ordinary differential equation (ODE) in the (finite-dimensional) deterministic case and a stochastic differential equation (SDE) in the stochastic case. The system consisting of the adjoint equa tion, the original state equation, and the maximum condition is referred to as an (extended) Hamiltonian system. On the other hand, in Bellman's dynamic programming, there is a partial differential equation (PDE), of first order in the (finite-dimensional) deterministic case and of second or der in the stochastic case. This is known as a Hamilton-Jacobi-Bellman (HJB) equation.

Dynamic lot sizing problems with stochastic production output

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Publisher : BoD – Books on Demand
ISBN 13 : 3744838056
Total Pages : 250 pages
Book Rating : 4.7/5 (448 download)

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Book Synopsis Dynamic lot sizing problems with stochastic production output by : Michael Kirste

Download or read book Dynamic lot sizing problems with stochastic production output written by Michael Kirste and published by BoD – Books on Demand. This book was released on 2017-06-23 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the real world, production systems are affected by external and internal uncertainties. Stochastic demand - an external uncertainty - arises mainly due to forecast errors and unknown behavior of customers in future. Internal uncertainties occur in situations where random yield, random production capacity, or stochastic processing times affect the productivity of a manufacturing system. The resulting stochastic production output is especially present in industries with modern and complex technologies as the semiconductor industry. This thesis provides model formulations and solution methods for capacitated dynamic lot sizing problems with stochastic demand and stochastic production output that can be used by practitioners within Manufacturing Resource Planning Systems (MRP), Capacitated Production Planning Systems (CPPS), and Advanced Planning Systems (APS). In all models, backordered demand is controlled with service levels. Numerical studies compare the solution methods and give managerial implications in presence of stochastic production output. This book addresses practitioners, consultants, and developers as well as students, lecturers, and researchers with focus on lot sizing, production planning, and supply chain management.

Stochastic Dynamic Lot-Sizing in Supply Chains

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Publisher : BoD – Books on Demand
ISBN 13 : 3738626972
Total Pages : 230 pages
Book Rating : 4.7/5 (386 download)

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Book Synopsis Stochastic Dynamic Lot-Sizing in Supply Chains by : Timo Jannis Hilger

Download or read book Stochastic Dynamic Lot-Sizing in Supply Chains written by Timo Jannis Hilger and published by BoD – Books on Demand. This book was released on 2015-10-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies frequently operate in an uncertain environment and many real life production planning problems imply volatility and stochastics of the customer demands. Thereby, the determination of the lot-sizes and the production periods significantly affects the profitability of a manufacturing company and the service offered to the customers. This thesis provides practice-oriented formulations and variants of dynamic lot-sizing problems in presence of restricted production resources and demand uncertainty. The demand fulfillment is regulated by service level constraints. Additionally, integrated production and remanufacturing planning under demand and return uncertainty in closed-loop supply chains is addressed. This book offers introductions to these problems and presents approximation models that can be applied under uncertainty. Comprehensive numerical studies provide managerial implications. The book is written for practitioners interested in supply chain management and production as well as for lecturers and students in business studies with a focus on supply chain management and operations management.

Hierarchical Production Control in a Stochastic N-Machine Flowshop with Limited Buffers

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Hierarchical Production Control in a Stochastic N-Machine Flowshop with Limited Buffers by : Suresh Sethi

Download or read book Hierarchical Production Control in a Stochastic N-Machine Flowshop with Limited Buffers written by Suresh Sethi and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is concerned with an asymptotic analysis of hierarchical production planning in a stochastic manufacturing system consisting of machines that are subject to breakdown and repair. The system produces a single product whose rate of demand over time is constant. The problem is formulated as a continuous-time dynamic programming problem in which the objective is to minimize the cost of production, inventories, and backlogs. The size of the buffer between the two adjacent machines is assumed to have lower and upper bound constraints. As the rates of change of the machine states approach infinity, the analysis results in a limiting problem in which the stochastic machine availability is replaced by its equilibrium mean availability. The value function for the original problem converges to the value function of the limiting problem. A method of shrinking,'', total lifting,'' and modification'' is introduced in order to construct near-optimal controls for the original problem by using near-optimal controls of the limiting problem. The convergence rate of the value function 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.

Asymptotically Optimal Production Policies in Dynamic Stochastic Jobshops with Limited Buffers

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Asymptotically Optimal Production Policies in Dynamic Stochastic Jobshops with Limited Buffers by : Yumei Hou

Download or read book Asymptotically Optimal Production Policies in Dynamic Stochastic Jobshops with Limited Buffers written by Yumei Hou and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a production planning problem for a jobshop with unreliable machines producing a number of products. There are upper and lower bounds on intermediate parts and an upper bound on finished parts. The machine capacities are modelled as finite state Markov chains. The objective is to choose the rate of production so as to minimize the total discounted cost of inventory and production. Finding an optimal control policy for this problem is difficult. Instead, we derive an asymptotic approximation by letting the rates of change of the machine states approach infinity. The asymptotic analysis leads to a limiting problem in which the stochastic machine capacities are replaced by their equilibrium mean capacities. The value function for the original problem is shown to converge to the value function of the limiting problem. The convergence rate of the value function together with the error estimate for the constructed asymptotic optimal production policies are established.