Restless Bandit Marginal Productivity Indices, Diminishing Returns, and Optimal Control of Make-to-Order/Make-to-Stock M / G / 1 Queues

This paper presents a framework grounded on convex optimization and economics ideas to solve by index policies problems of optimal dynamic allocation of effort to a discrete-state (finite or countable) binary-action (work/rest) semi-Markov restless bandit project, elucidating issues raised by previo...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Mathematics of Operations Research. - Institute for Operations Research and the Management Sciences. - 31(2006), 1, Seite 50-84
1. Verfasser:	Niño-Mora, José (VerfasserIn)
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2006
Zugriff auf das übergeordnete Werk:	Mathematics of Operations Research
Schlagworte:	Restless bandits Stochastic scheduling Index policies Indexability Control by price Semi-Markov decision Processes Dynamic resource allocation Diminishing returns Marginal productivity mehr... Efficient frontier Convex optimization Bias Mixed criteria Make to order Make to stock Control of queues Production-inventory control Partial conservation laws Achievable performance Primary 90B36 Primary 90C40 Secondary 90B05 Secondary 90B22 Secondary 90B30 Secondary 90C25 Primary: dynamic programming/optimal control: semi Markov Secondary: queues: optimization Secondary: inventory/production: policies Business Mathematics Applied sciences Economics