Ergodic control problems for optimal stochastic production planning with production constraints

Authors:
M. Ohashi
Affiliations:
Department of Mathematical Sciences, The University of Tokushima Tokushima 770, Japan
Venue:
Mathematical and Computer Modelling: An International Journal
Year:
2000

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Abstract

We study the ergodic control problem related to stochastic production planning in a single product manufacturing system with production constraints. The existence of a solution to the corresponding Hamilton-Jacobi-Bellman equation and its properties are shown. Furthermore, the optimal control for the ergodic control problem and an example are given.