A dynamic programming approach for batch sizing in a multi-stage production process with random yields

Keyphrases

• Dynamic Programming Algorithm 100%
• Batch Size 100%
• Random Yield 100%
• Multistage Production Process 100%
• Modeling Approach 50%
• Computational Performance 50%
• Total Profit 50%
• Single-period 50%
• Scrap 50%
• Test Station 50%
• Statistical Bounds 50%

Engineering

• Multistage 100%
• Dynamic Programming 100%
• Total Profit 50%
• Single Period 50%