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On-line production control using the EVPI approach
- Source :
- European Journal of Operational Research. June 25, 1993, Vol. 67 Issue 3, p344, 14 p.
- Publication Year :
- 1993
-
Abstract
- On-line production control problems are solved by the conjunction of off-line adaptive solutions with the expected value of perfect information (EVPI) principle. Such problems are optimizations of the expected net profit where the state variables are conditioned on future decisions. By using extensive simulations, the EVPI algorithm and the adaptive algorithm AD/T are found to be the most efficient and accurate.
Details
- ISSN :
- 03772217
- Volume :
- 67
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- European Journal of Operational Research
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.14413545