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.
Inst de Microtechnique E.P.F.L., Lausanne, Switzerland
Export Date: 6 December 2012
Language of Original Document: English
Correspondence Address: Ciprut, Philippe; Inst de Microtechnique E.P.F.L., Lausanne, Switzerland
Record created on 2013-01-07, modified on 2017-01-16