Average-Cost Control of Stochastic Manufacturing Systems
Publication year: 2005
ISBN: 978-0-387-27615-1
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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.
Subject: Mathematics and Statistics, Manufacturing System, Sethi, Zhang, average, control, cost, management, manufacturing, modeling, operations research, optimization, stochastic, systems
