By Topic

Hedging policies for failure-prone manufacturing systems: optimality of JIT and bounds on buffer levels

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Perkins, J.R. ; Dept. of Manuf. Eng., Boston Univ., MA, USA ; Srikant, R.

The authors consider multiple part-type single-machine manufacturing systems subject to failures. They provide necessary and sufficient conditions for the optimality of just-in-time (JIT) manufacturing, and further show that the necessary and sufficient conditions coincide when the backlog costs for all the parts are equal. In general, finding optimal hedging policies for multiple part-type problems is extremely difficult. They provide bounds on the optimal hedging points and also prove that, under an optimal hedging policy, the buffer levels will be upper bounded

Published in:

Automatic Control, IEEE Transactions on  (Volume:43 ,  Issue: 7 )