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Study Results from University of Osnabrueck in the Area of Probability Research Reported (A Jump-fluid Production-inventory Model With A Double Band...

August 25, 2014



Study Results from University of Osnabrueck in the Area of Probability Research Reported (A Jump-fluid Production-inventory Model With A Double Band Control)

By a News Reporter-Staff News Editor at Robotics & Machine Learning -- Investigators publish new report on Probability Research. According to news reporting from Osnabruck, Germany, by VerticalNews journalists, research stated, "We consider a production-inventory control model with two reflecting boundaries, representing the finite storage capacity and the finite maximum backlog. Demands arrive at the inventory according to a Poisson process, their i.i.d. sizes having a common phase-type distribution."

The news correspondents obtained a quote from the research from the University of Osnabrueck, "The inventory is filled by a production process, which alternates between two prespecified production rates.1 and.2: as long as the content level is positive,.1 is applied while the production follows.2 during time intervals of backlog (i.e., negative content). We derive in closed form the various cost functionals of this model for the discounted case as well as under the long-run-average criterion."

According to the news reporters, the research concluded: "The analysis is based on a martingale of the Kella-Whitt type and results for fluid flow models due to Ahn and Ramaswami."

For more information on this research see: A Jump-fluid Production-inventory Model With A Double Band Control. Probability in the Engineering and Informational Sciences, 2014;28(3):313-333. Probability in the Engineering and Informational Sciences can be contacted at: Cambridge Univ Press, 32 Avenue Of The Americas, New York, NY 10013-2473, USA. (Cambridge University Press - www.cambridge.org; Probability in the Engineering and Informational Sciences - journals.cambridge.org/action/displayJournal?jid=PES)

Our news journalists report that additional information may be obtained by contacting Y. Barron, University of Osnabruck, Inst Math, D-49069 Osnabruck, Germany. Additional authors for this research include D. Perry and W. Stadje.

Keywords for this news article include: Europe, Germany, Osnabruck, Probability Research

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Robotics & Machine Learning


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