Isbn: 9781332978175 - a stochastic model of resource flexibility (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book presents a stochastic control model to analyze and quantify the economic value of flexible resources in a manufacturing system, particularly in the context of flexible manufacturing systems. The model considers a two-stage production process, consisting of two work stations and two tasks, and explores the optimal allocation of these resources to maximize expected profit under various constraints and assumptions. The author develops a class of feasible policies called barrier policies and derives computational results for these policies. The book identifies dominant strategies in the real-time allocation of flexible workstations and establishes conditions that explicitly determine the optimal barrier policy. These results provide insights into the management of flexible production systems and highlight the potential for increasing efficiency and profitability by optimizing the use of flexible resources. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. …