Deterministic And Stochastic Profit Maximization Versions Of The Economic Lot Scheduling Problem With Pricing Considerations
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Deterministic And Stochastic Profit Maximization Versions Of The Economic Lot Scheduling Problem With Pricing Considerations
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Author : Luciano Salvietti Cignetti
language : en
Publisher:
Release Date : 2006
Deterministic And Stochastic Profit Maximization Versions Of The Economic Lot Scheduling Problem With Pricing Considerations written by Luciano Salvietti Cignetti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The Stochastic Economic Lot Scheduling Problem
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Author : David Maxwell Markowitz
language : en
Publisher:
Release Date : 2015-08-05
The Stochastic Economic Lot Scheduling Problem written by David Maxwell Markowitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-05 with Business & Economics categories.
Excerpt from The Stochastic Economic Lot Scheduling Problem: Heavy Traffic Analysis of Dynamic Cyclic Policies We consider two queueing control problems that are stochastic versions of the economic lot scheduling problem: a single server processes N customer classes, and completed units enter a finished goods inventory that services exogenous customer demand. Unsatisfied demand is backordered, and each class has its own general service time distribution, renewal demand process, and holding and backordering cost rates. In the first problem, a setup cost is incurred when the server switches class, and the objective is to minimize the long run expected average costs of holding and backordering inventory and incurring setups. The setup cost is replaced by a setup time in the second problem, where the objective is to minimize average holding and backordering costs. In both problems we restrict ourselves to a class of dynamic cyclic policies, where idle periods and lot sizes are state-dependent, but the N classes must be served in a fixed sequence. Under standard heavy traffic conditions, these scheduling problems are approximated by diffusion control problems. The approximating setup cost problem is solved exactly, and the optimal dynamic lot sizing policy is found in closed form. Structural results and an algorithmic procedure are derived for the setup time problem. A computational study is undertaken to compare the proposed policy and several straw policies to the numerically computed optimal policy. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Stochastic Economic Lot Scheduling Problem
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Author : E. M. M. Winands
language : en
Publisher:
Release Date : 2005
The Stochastic Economic Lot Scheduling Problem written by E. M. M. Winands and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Deterministic And Stochastic Approaches To The Single Machine Multi Product Lot Scheduling Problem
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Author : Neji Hajji
language : en
Publisher:
Release Date : 1986
Deterministic And Stochastic Approaches To The Single Machine Multi Product Lot Scheduling Problem written by Neji Hajji and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.
The Stochastic Economic Lot Scheduling Problem
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Author : David Maxwell Markowitz
language : en
Publisher:
Release Date : 1995
The Stochastic Economic Lot Scheduling Problem written by David Maxwell Markowitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
A Local Search Algorithm For The Optimization Of The Stochastic Economic Lot Scheduling Problem
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Author : Michael Wagner
language : en
Publisher:
Release Date : 2002
A Local Search Algorithm For The Optimization Of The Stochastic Economic Lot Scheduling Problem written by Michael Wagner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Some Issues In The Economic Lot Scheduling Problem
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Author : Ilkyeong Moon
language : en
Publisher:
Release Date : 1991
Some Issues In The Economic Lot Scheduling Problem written by Ilkyeong Moon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
Informs Conference Program
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Author : Institute for Operations Research and the Management Sciences. National Meeting
language : en
Publisher:
Release Date : 1995
Informs Conference Program written by Institute for Operations Research and the Management Sciences. National Meeting and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Industrial management categories.
Management Science
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Author :
language : en
Publisher:
Release Date : 1977
Management Science written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Industrial management categories.
Includes special issues: The Professional series in the management sciences.
Single Period Inventory Control And Pricing
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Author : Emel Arikan
language : en
Publisher: Forschungsergebnisse der Wirtschaftsuniversität Wien
Release Date : 2011
Single Period Inventory Control And Pricing written by Emel Arikan and has been published by Forschungsergebnisse der Wirtschaftsuniversität Wien this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
The price-setting newsvendor model is used to address the single period joint pricing and inventory control problem. The objective is to set the optimal price and replenishment quantity of a single product in order to maximize the expected profit. Products with a short selling season and relatively long replenishment lead times such as fashion goods are the most relevant application areas of the model. The focus of the work is the generalization of the model with respect to the modeling of uncertainty in demand. The author presents an analytical and empirical study which compares different demand models with a more flexible model based on price and inventory optimization. She concludes that using a general model can increase the profits significantly.