Markovian Demand Inventory Models
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Markovian Demand Inventory Models
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Author : Dirk Beyer
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-10-03
Markovian Demand Inventory Models written by Dirk Beyer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-03 with Business & Economics categories.
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.
Markovian Demand Inventory Models
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Author :
language : en
Publisher:
Release Date : 2008
Markovian Demand Inventory Models written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Markovian Demand Inventory Models
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Author : Dirk Beyer
language : en
Publisher:
Release Date : 2010
Markovian Demand Inventory Models written by Dirk Beyer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Business environments change over time. They are cyclic, show seasonality or just evolve over time. This is certainly true for customer demand. As a result, stationary demand distributions are crude approximations of true customer behavior at best. Yet, most classical stochastic inventory models make this very assumption. This volume is the first to provide a comprehensive treatment of inventory models with Markov-modulated demand. The distribution of demand in these models depends on the state of the environment which evolves according to a Markov process. These models have a broad range of applications. Examples are products with cyclical and seasonal demands, products with distinct life-cycles or products whose demand distribution depends on other environmental or economic factors. The same framework is used to express influences of endogenous factors like promotions on demand. The book takes the reader through a logical progression from finite horizon to infinite horizon models with discounted cost and then to long-run average cost models deploying a method called vanishing discount approach. It develops insights into the existence and structure of optimal ordering policies providing valuable guidance on how to efficiently manage inventories in dynamic business environments.
Combat Modeling
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Author : Alan Washburn
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-08-14
Combat Modeling written by Alan Washburn and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-14 with Political Science categories.
"Combat Modeling" is a systematic learning resource and reference text for the quantitative analysis of combat. After a brief overview, authors Washburn and Kress present individual chapters on shooting without feedback; shooting with feedback; target defense; attrition models; game theory and wargames; search; unmanned aerial vehicles; and terror and insurgency. Three appendices provide a review of basic probability concepts, probability distributions, and Markov models; an introduction to optimization models; and a discussion of Monte-Carlo simulations. Drawing on their many years of experience at the Naval Postgraduate School in Monterey, California, Washburn and Kress have created a reference that will provide the tools and techniques for analysts involved in the underpinnings of combat decisions. This is a book that can be used as a military manual, reference book, and textbook for military courses on this vital subject.
Health Care Benchmarking And Performance Evaluation
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Author : Yasar A. Ozcan
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-12-08
Health Care Benchmarking And Performance Evaluation written by Yasar A. Ozcan and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-08 with Business & Economics categories.
Hugely relevant in today’s world of healthcare performance management, this comprehensive work applies the analytical framework of Data Envelopment Analysis methodology to provide health care administrators with specific tools for performance evaluation. Most important, the book provides health care practitioners and administrators with information of what is lacking in specific aspects of performance and then outlines the ways how these performance inadequacies can be improved.
Advanced Reliability Modeling Ii
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Author : Tadashi Dohi
language : en
Publisher: World Scientific
Release Date : 2006
Advanced Reliability Modeling Ii written by Tadashi Dohi and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Science categories.
The 2006 Asian International Workshop on Advanced Reliability Modeling (AIWARM) is the second symposium in a series of biennial workshops for the dissemination of state-of-art research and the presentation of practice in reliability and maintenance engineering in Asia. It brings together researchers and engineers from not only Asian countries but also all over world to discuss the state of research and practice in dealing with both reliability issues at the system design phase and maintenance issues at the system operation phase. The theme of AIWARM 2006 is OC reliability testing and improvementOCO. The contributions in this volume cover all the main topics in reliability and maintenance engineering, providing an in-depth presentation of theory and practice. Sample Chapter(s). Chapter 1: Optimal Burn-In for Minimizing Total Warranty Cost (311 KB). Contents: System and Network Reliability; Optimization in Reliability Engineering; Maintenance; Advanced Warranty Modeling; Software Reliability; Acceleration Testing and Failure Analysis; Statistical Analysis and Reliability Modeling; Stochastic Models; Statistical Quality Control. Readership: Graduate students and researchers and as well as reliability, maintenance and industrial engineers."
Feasibility And Infeasibility In Optimization
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Author : John W. Chinneck
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-10-25
Feasibility And Infeasibility In Optimization written by John W. Chinneck and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10-25 with Mathematics categories.
Written by a world leader in the field and aimed at researchers in applied and engineering sciences, this brilliant text has as its main goal imparting an understanding of the methods so that practitioners can make immediate use of existing algorithms and software, and so that researchers can extend the state of the art and find new applications. It includes algorithms on seeking feasibility and analyzing infeasibility, as well as describing new and surprising applications.
Design And Analysis Of Simulation Experiments
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Author : Jack P.C. Kleijnen
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-11-15
Design And Analysis Of Simulation Experiments written by Jack P.C. Kleijnen and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-15 with Mathematics categories.
Simulation is a widely used methodology in all Applied Science disciplines. This textbook focuses on this crucial phase in the overall process of applying simulation, and includes the best of both classic and modern methods of simulation experimentation. This book will be the standard reference book on the topic for both researchers and sophisticated practitioners, and it will be used as a textbook in courses or seminars focusing on this topic.
Computational Probability
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Author : John H. Drew
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-01-08
Computational Probability written by John H. Drew and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-08 with Mathematics categories.
This title organizes computational probability methods into a systematic treatment. The book examines two categories of problems. "Algorithms for Continuous Random Variables" covers data structures and algorithms, transformations of random variables, and products of independent random variables. "Algorithms for Discrete Random Variables" discusses data structures and algorithms, sums of independent random variables, and order statistics.
Linear And Nonlinear Programming
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Author : David G. Luenberger
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-06-20
Linear And Nonlinear Programming written by David G. Luenberger and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06-20 with Business & Economics categories.
This third edition of the classic textbook in Optimization has been fully revised and updated. It comprehensively covers modern theoretical insights in this crucial computing area, and will be required reading for analysts and operations researchers in a variety of fields. The book connects the purely analytical character of an optimization problem, and the behavior of algorithms used to solve it. Now, the third edition has been completely updated with recent Optimization Methods. The book also has a new co-author, Yinyu Ye of California’s Stanford University, who has written lots of extra material including some on Interior Point Methods.