Optimum Buffer Capacity With Stochastic Queue : Handling The Production Mathematically

ISBN-13: 9783659267659 / Angielski / Miękka / 2012 / 84 str.

Prashant Makwana

Opis

Probabilistic processing times, times between breakdowns and repair times make the amount of stock in buffers between stations in production lines behave as a stochastic process. Too much or too little buffer stock reduces system economy and efficiency, respectively. Optimum buffer capacities and initial stock levels for production lines employing a mathematical random walk approach based on the maximum and minimum values of a stochastic process in a time window can be obtained. Approximations can be provide for the purpose.

O autorze

Prashant Makwana, (M.Sc., Ph.D. in Statistics), Working as Director at SLPT MBA Mahila College, Amreli, India. Research Guide in Statistics and Applied Mathematics and Computer Science.