Gökbayrak, KağanSelvi, Ömer2016-02-082016-02-082005http://hdl.handle.net/11693/27314Date of Conference: 12-15 December 2005Conference Name: 44th IEEE Conference on Decision and Control, and the European Control Conference, CDC-ECC 2005Extending earli'er work on single-stage stochastic hybrid system models, we consider a two-stage stochastic hybrid system where the job arrivals are represented through a Poisson process, and the service times required to attain a desired physical state are exponentially distributed dependent on the controllable process rates. For the case where the costs associated with the process rates and the inventory levels are non-decreasing convex, and the process rates take values from finite sets, we show that there exist threshold policies on both inventory levels for selecting the optimal process rates at each station.EnglishHybrid systemsOptimal rate controlStochasticTwo-stageDistributed parameter control systemsMathematical modelsOptimal control systemsPoisson distributionSet theoryFinite setsSingle stage stochastic hybrid system modelsStochastic control systemsConference Paper10.1109/CDC.2005.1583279