research article
Hedging point for non-Markovian piecewise deterministic production processes
We consider a single non-Markovian failure prone machine which delivers a single product. The operating policy of the machine is chosen to be of the hedging point type. In the infinite horizon limit, we calculate the position of the hedging point that minimizes a convex cost function.
Type
research article
Web of Science ID
WOS:000077281300003
Scopus ID
2-s2.0-0032296761
Author(s)
Date Issued
1998
Publisher
Volume
8
Issue
4
Start page
365
End page
375
Note
Inst de Microtechnique E.P.F.L., Lausanne, Switzerland
Export Date: 6 December 2012
Source: Scopus
CODEN: DEDAE
Language of Original Document: English
Correspondence Address: Ciprut, Philippe; Inst de Microtechnique E.P.F.L., Lausanne, Switzerland
Peer reviewed
REVIEWED
Written at
OTHER
EPFL units
Available on Infoscience
January 7, 2013
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