Akademik Veri Yönetim Sistemi
Journal of Probability and Statistics, 2009 (Scopus)
The paper studies the production inventory problem of minimizing the expected discounted present value of production cost control in a manufacturing system with degenerate stochastic demand. We establish the existence of a unique solution of the Hamilton-Jacobi-Bellman (HJB) equations associated with this problem. The optimal control is given by a solution to the corresponding HJB equation. © 2009 A. Baten and A. A. Kamil.