Average-Cost Control of Stochastic Manufacturing Systems
- Author
- Suresh P. Sethi, Hanqin Zhang, Qing Zhang
- Publication Year
- 2005
- Publisher
- Springer
- Language
- English
- Document Type
- Book
- Faculty / Subject Heading
- Mathematics and Statistics
- Download Book Read book
This book is concerned with hierarchical control of manufacturing systems under uncertainty. It focuses on system performance measured in long-run average cost criteria, exploring the relationship between control problems with a discounted cost and that with a long-run average cost in connection with hierarchical control. A new theory is articulated that shows that hierarchical decision making in the context of a goal-seeking manufacturing system can lead to a near optimization of its objective. The approach in the book considers manufacturing systems in which events occur at different time scales.
Keywords: Mathematics and Statistics / Manufacturing System / Sethi / Zhang / Average / Control / Cost / Management / Manufacturing / Modeling / Operations research / Optimization / Stochastic / Systems
