Ergodic control problems for optimal stochastic production planning with production constraints
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. (C) 2000 Elsevier Science Ltd. All rights reserved.
ergodic control problem stochastic production planning single product manufacturing system hamilton-jacobi-bellman equation