Ciprut, PhilippeHongler, Max-OlivierSalama, Yves2013-01-072013-01-072013-01-07199810.1023/A:10083492165502-s2.0-0032296761https://infoscience.epfl.ch/handle/20.500.14299/87649WOS:000077281300003We 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.Computational methodsFunctionsMathematical modelsRandom processesConvex cost functionHedging pointProduction controlHedging point for non-Markovian piecewise deterministic production processestext::journal::journal article::research article