A stochastic control problem with regime switching

This paper studies a stochastic control problem with regime switching in a fairly general abstract setting. Such problems may arise from production planning management. We perform a full mathematical analysis of this stochastic control problem via the HJB equation and verification. The connection of the optimal controls and subgame perfect controls is discussed, and it is shown that the optimal controls solve the generalized HJB equation as well. In a special case we provide a closed form solution.

Study on Master Production Schedule in Manufacturing System for Medium and Small Manufacture Enterprises

According to the existing problems in production planning management mode and management processes of Chinese medium and small manufacture enterprise, referring to the advanced management concept of MRPII/ERP, a master production schedule system which is suitable for management state of Chinese medium and small manufacture enterprise is researched and developed. The operation process, data flow and ER model of the master production schedule system are discussed and researched. Finally, Microsoft vb.net is selected as the development tool of the master production schedule system and Microsoft SQL Server 2000 is used as the database management system, a master production schedule prototype system is designed and implemented.