||DETERMINATION OF ALLOCATION RATE OF PRODUCTION PROJECTS UTILIZING RISK-SENSITIVE CONTROL THEORY
International journal of innovative computing, information & control : IJICIC
871 , 2017-06 , ICIC International
This study is part of an ongoing report on an analysis of production processes using a lead-time function. Two types of production demand are classified in a production business. One is custom-type production (asynchronous type), which has a stochastic element. The other is mass-produced production (synchronous type), which has almost no stochastic element. We report an optimal production allocation to maximize the rate of increase in cash flow by these two types of production requests (complex type). Our approach is to take advantage of the risk-sensitive control method, which is a powerful technique that takes robustness into account. We present numerical results, which are optimal allocation and estimation calculation of our mathematical model. We apply optimal allocation to a production flow system as an example.