Profit optimization of batch-continuous production systems under stochastic processingconditions by simulation

Authors

  • É. Orbán-Mihálykó
  • Cs. Mihálykó
  • B.G. Lakatos
  • T. Szabó
  • A. Papp

DOI:

https://doi.org/10.1515/447

Abstract

The properties of a production system working under stochastic processing conditions are investigated. The production system consists of batch units of an input subsystem and a continuously operated deterministic output one which are coupled by an intermediate storage system. The randomness of operation is caused by the uncertainties of batch sizes and the time intervals of arrival to the storage. Taking into account the expenses and the income arising from the production the expectation of the profit is defined and investigated. An integral equation is presented for the expected profit, and is solved using Monte Carlo method. The optimal initial amount of material to be processed, storage volume and withdrawing rate are determined by simulation.

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Published

2011-09-01

How to Cite

Orbán-Mihálykó, É., Mihálykó, C., Lakatos, B., Szabó, T., & Papp, A. (2011). Profit optimization of batch-continuous production systems under stochastic processingconditions by simulation . Hungarian Journal of Industry and Chemistry, 39(3), 353–358. https://doi.org/10.1515/447