Publisher's Synopsis
Excerpt from The Stochastic Economic Lot Scheduling Problem: Heavy Traffic Analysis of Dynamic Cyclic Policies
We analyze two variants of the scheduling problem. In the setup cost problem, a cost is incurred when the machine switches production from one product to another; in the setup time problem, a random setup time is incurred when the server switches product. We restrict ourselves to the class of dynamic cyclic policies, where each product is serviced once per cycle and the order of production does not change. Thus, the server has three scheduling options at each point in time: Produce a unit of the product that is currently set up, change over to the next product in the cycle (and initiate service in the setup cost problem), or remain idle. Each product has its own costs per unit time for holding and backordering a unit in inventory. The objective in the setup time problem is to minimize the long run expected average inventory costs (that is, holding and backorder costs); the objective in the setup cost problem is to minimize the average inventory and setup costs. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
