Stochastic Models: Preliminaries
Production environments in the real world are subject to many sources of uncertainty or randomness. Sources of uncertainty that may have a major impact include machine breakdowns and unexpected releases of high priority jobs. Another source of uncertainty lies in the processing times, which are often not precisely known in advance. A good model for a scheduling problem should address these forms of uncertainty.
KeywordsProcessing Time Completion Rate Single Machine Stochastic Dominance Continuous Random Variable
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