IOE/MFG 543. Chapter 11: Stochastic single machine models with release dates. Random release dates. Jobs (or orders) come in at different unknown times The release date of a job is unknown Random release dates are similar to customer arrivals to a queuing system
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Chapter 11: Stochastic single machine models with release dates
E(V)=n E(amount paid by a job)
E(amount paid by a job)=…