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Turnpikes in flow control models of unreliable manufacturing systems

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.
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https://hal-hec.archives-ouvertes.fr/hal-00471375
Contributor : Antoine Haldemann <>
Submitted on : Thursday, April 8, 2010 - 10:41:06 AM
Last modification on : Friday, July 26, 2019 - 11:58:03 AM

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Christian van Delft, A. Haurie. Turnpikes in flow control models of unreliable manufacturing systems. European Journal of Operational Research, Elsevier, 1995, Vol.82,n°2, pp.359-372. ⟨10.1016/0377-2217(94)00269-I⟩. ⟨hal-00471375⟩

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