Abstract
This paper considers a production process in which product quality follows a stochastic drifting process during production. The drift time is assumed to be dependent on the process state and the deterioration rate increases when the process state deviates from its target. The discrete geometric jump model is studied first and then continuous approximation is examined for the drifting process. Optimal adjustment level is derived from a cost model.
Original language | English |
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Pages (from-to) | 173-178 |
Number of pages | 6 |
Journal | Production Planning and Control |
Volume | 8 |
Issue number | 2 |
DOIs | |
Publication status | Published - 1 Jan 1997 |
Keywords
- Economic design
- Process control
- Stochastic drifting