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Solution Method for a Class of Stochastic Scheduling Problems for the Production of a Single Commodity

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  • Gifford H. Symonds

    (University of California, Berkeley, California)

Abstract

This paper expresses a solution method for a fairly general class of stochastic scheduling problems for the production of a single nonperishable commodity as a set of differences between the optimal partial differential equations in successive periods. It shows that the recursive stochastic scheduling equation, which is independent of subsequent values, allows an entire stochastic schedule to be generated from an initial inventory x 0 and production z 1 to meet a set of demand variables s 1 , …, s n to an extent indicated by F 1 ( y 1 ), …, F n ( y n ). An optimal value of z 1 is the minimal value that produces a feasible schedule. After the actual inventory x j −1 becomes available each period, then a new stochastic schedule can be prepared for the current optimal value of z j .

Suggested Citation

  • Gifford H. Symonds, 1971. "Solution Method for a Class of Stochastic Scheduling Problems for the Production of a Single Commodity," Operations Research, INFORMS, vol. 19(6), pages 1459-1466, October.
    • Handle: RePEc:inm:oropre:v:19:y:1971:i:6:p:1459-1466
    DOI: 10.1287/opre.19.6.1459
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