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.
Title
Hedging point for non-Markovian piecewise deterministic production processes
Published in
Discrete Event Dynamic Systems: Theory and Applications
Volume
8
Issue
4
Pages
365-375
Date
1998
Publisher
Kluwer Academic Publishers
ISSN
09246703
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
Record creation date
2013-01-07