The Stochastic Economic Lot Scheduling Problem Heavy Traffic Analysis of Dynam
The Stochastic Economic Lot Scheduling Problem Heavy Traffic Analysis of Dynam
David Maxwell Markowitz
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Hofri and Ross (1987) prove that the make-to-order version of this policy is optimal in a two-product symmetric polling system. The generalized base stock policy can be thought of as a refined version of the cyclic base stock policy considered by Federgruen and Katalan ( 1993), in the sense that their policy can only insert idleness in a state-independent manner. Although the generalized base stock policy contains 2A'^ parameters, the heavy traffic behavior of this policy (see Reiman and Wein f...or details) depends on the yj's only via maxi
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