VARIANCE REDUCTION IN A PROCESS WITH RANDOM LINEAR DRIFT

Authors
ALSULTAN KS ALFAWZAN MA
Citation
Ks. Alsultan et Ma. Alfawzan, VARIANCE REDUCTION IN A PROCESS WITH RANDOM LINEAR DRIFT, International Journal of Production Research, 35(6), 1997, pp. 1523-1533
Citations number
25
Categorie Soggetti
Engineering,"Operatione Research & Management Science
Journal title
International Journal of Production Research → ACNP
ISSN journal
00207543
Volume
35
Issue
6
Year of publication
1997
Pages
1523 - 1533
Database
ISI
SICI code
0020-7543(1997)35:6<1523:VRIAPW>2.0.ZU;2-C
Abstract
In this paper, we consider the model of Rahim and Banerjee (1988) for a process with random linear drift. We present a modification of this model, then we study the effect of the variance of the process on the optimal production cycle, and consequently on the total cost per good item. We also provide a numerical example.