Optimal production planning under cap-and-trade with fixed setup costs

被引：0
|
作者：
Huang, Di [1 ]
Chen, Jian [1 ]
Zhang, Juliang [1 ]
机构：
[1] Tsinghua Univ, Sch Econ & Management, Beijing 100084, Peoples R China
来源：
2014 11TH INTERNATIONAL CONFERENCE ON SERVICE SYSTEMS AND SERVICE MANAGEMENT (ICSSSM) | 2014年
关键词：
cap and trade; production planning; fixed cost; optimal policy; UNCERTAINTY; INVESTMENT;
D O I：
暂无
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
In this paper, we develop a dynamic production-inventory control model to determine the optimal production planning for a manufacturer facing stochastic demand and carbon emission allowance price under cap and trade. We derive several structural properties of the model, and characterize the optimal production policies that minimize the expected total discount cost over a finite planning horizon. Specifically, when there is no setup cost for production, the optimal production policy is a hybrid version of two base stock policies; when there has setup cost, the optimal production policy is a hybrid version of a (s, S) and a generalized (s, S) policy.
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页数：4
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