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Turnpikes in flow control models of unreliable manufacturing systems

Author

Listed:
  • Christian van Delft

    (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

  • A. Haurie

Abstract

This paper establishes a link between the concept of hedging point, introduced in a class of models of unreliable manufacturing flow control, and the concept of turnpike, introduced initially in economic growth models and recently extended to a general class of piecewise deterministic control systems. We establish a turnpike property for a control system where the cost does not depend directly on the control. We show that this turnpike corresponds exactly to the hedging points introduced in the manufacturing flow control literature.

Suggested Citation

  • Christian van Delft & A. Haurie, 1995. "Turnpikes in flow control models of unreliable manufacturing systems," Post-Print hal-00471375, HAL.
    • Handle: RePEc:hal:journl:hal-00471375
    DOI: 10.1016/0377-2217(94)00269-I
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    Cited by:

    1. Haurie, A., 1995. "Time scale decomposition in production planning for unreliable flexible manufacturing systems," European Journal of Operational Research, Elsevier, vol. 82(2), pages 339-358, April.

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