Articoli correlati a Markovian Demand Inventory Models: 108
Sinossi
This text provides a superbly researched insight into Markovian demand inventory models. The result of ten years of research, this work covers all aspects of demand inventory where they are modeled by Markov processes. Inventory management is concerned with matching supply with demand and is a central problem in Operations Management. The central problem is to find the amount to be produced or purchased in order to maximize the total expected profit, or minimize the total expected cost.
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Recensione
From the reviews:
“In this book, the authors present a complete, rigorous mathematical treatment of the classical dynamic inventory models with stochastic demands. ... This book is an elegant and comprehensive account of Markovian demand inventory models. It will be useful for students, researchers and practitioners in operations management and industrial engineering.” (P. R. Parthasarathy, Mathematical Reviews, Issue 2012 g)Dalla quarta di copertina
"This book contains the most complete, rigorous mathematical treatment of the classical dynamic inventory model with stochastics demands that I am aware of. Emphasis is placed on a demand structure governed by a discrete time Markov chain. The state of the Markov chain determines the demand distribution for the period in question. Under this more general demand structure, (s,S) ordering policies are still shown to be optimal. The mathematical level is advanced and the book would be most appropriate for a specialized course at the Ph.D. level."
Donald L. Iglehart
Professor Emeritus of Operations Research, Stanford University
"This book provides a comprehensive mathematical presentation of (s,S) inventory models and affords readers thorough coverage of the analytic tools used to establish theoretical results. Markovian demand models are central in the extensive scientific literature on inventory theory, and this volume reviews all the important conceptual developments of the subject."
Harvey M. Wagner
University of North Carolina at Chapel Hill
"Beyer, Cheng, Sethi and Taksar have done a fine job of bringing together many of the central results about this important class of models. The book will be useful to anyone interested in inventory theory."
Paul Zipkin
Duke University
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- EditoreSpringer Verlag
- Data di pubblicazione2007
- ISBN 10 0387716033
- ISBN 13 9780387716039
- RilegaturaCopertina rigida
- LinguaInglese
- Numero di pagine255
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Markovian Demand Inventory Models (International Series in Operations Research & Management Science, 108)
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Markovian demand inventory models.
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Springer, New York, 2010
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ISBN 13: 9780387716039
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24 cm. original hardcover. xx,254 pp. diagrams. references. index. "International Series in Operations Research and Management Science". -(few signs of use, otherwise very good). 550g. Codice articolo 72543
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Gebunden. Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Only book coverage of this important area of researchSuresh Sethi is the most renowned researcher in the fieldAppropriate for researchers, practitioners, and Ph.D. studentsThis text provides a superbly researched insight into Mar. Codice articolo 5910624
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Buch. Condizione: Neu. Neuware - Inventory management is concerned with matching supply with demand and a central problem in Operations Management. The problem is to find the amount to be produced or purchased in order to maximize the total expected profit or minimize the total expected cost. Over the past two decades, several variations of the formula appeared, mostly in trade journals written by and for inventory managers. A critical assumption in the inventory literature is that the demands in different periods are independent and identically distributed. However, in real life, demands may depend on environmental considerations or the events in the world such as the weather, the state of economy, etc. Moreover, these events are represented by stochastic processes - exogenous or controlled.In Markovian Demand Inventory Models, the authors are concerned with inventory models where these world events are modeled by Markov processes. Their research on Markovian demand inventory models was carried out over a period of ten years beginning in the early nineties. Codice articolo 9780387716039
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