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.


Published in:
Discrete Event Dynamic Systems: Theory and Applications, 8, 4, 365-375
Year:
1998
Publisher:
Kluwer Academic Publishers
ISSN:
09246703
Keywords:
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
Other identifiers:
View record in Web of Science
Scopus: 2-s2.0-0032296761
Laboratories:




 Record created 2013-01-07, last modified 2018-09-13


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