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Asymptotic analysis for optimal investment and consumption with transaction costs

✍ Scribed by Karel Janeček; StevenE. Shreve


Publisher
Springer-Verlag
Year
2004
Tongue
English
Weight
486 KB
Volume
8
Category
Article
ISSN
0949-2984

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We consider the processing of M jobs in a flow shop with N stations in which only a single server is in charge of all stations. We demonstrate that for the objective of minimizing the total setup and holding cost, a class of easily implementable schedules is asymptotically optimal.