The Stochastic Economic Lot Scheduling Problem Heavy Traffic Analysis of Dynam

Cover 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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