Uniqueness of solution of production control problem in a manufacturing system with degenerate demand
This paper studies the production inventory problem of minimizing the expected discounted present value of production cost control in a manufacturing system with degenerate stochastic demand.We establish the existence of a unique solution of the Hamilton-Jacobi-Bellman (HJB) equation associated with...
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Main Author: | |
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Format: | Article |
Published: |
Springer US
2011
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Subjects: | |
Online Access: | http://repo.uum.edu.my/10625/ http://dx.doi.org/10.1007/s10958-011-0459-7 |
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Institution: | Universiti Utara Malaysia |