Stochastic Programming

Stochastic Programming PDF Author: Horand Gassmann
Publisher: World Scientific
ISBN: 981440750X
Category : Business & Economics
Languages : en
Pages : 549

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Book Description
This book shows the breadth and depth of stochastic programming applications. All the papers presented here involve optimization over the scenarios that represent possible future outcomes of the uncertainty problems. The applications, which were presented at the 12th International Conference on Stochastic Programming held in Halifax, Nova Scotia in August 2010, span the rich field of uses of these models. The finance papers discuss such diverse problems as longevity risk management of individual investors, personal financial planning, intertemporal surplus management, asset management with benchmarks, dynamic portfolio management, fixed income immunization and racetrack betting. The production and logistics papers discuss natural gas infrastructure design, farming Atlantic salmon, prevention of nuclear smuggling and sawmill planning. The energy papers involve electricity production planning, hydroelectric reservoir operations and power generation planning for liquid natural gas plants. Finally, two telecommunication papers discuss mobile network design and frequency assignment problems.

Stochastic Programming

Stochastic Programming PDF Author: Horand Gassmann
Publisher: World Scientific
ISBN: 981440750X
Category : Business & Economics
Languages : en
Pages : 549

Get Book Here

Book Description
This book shows the breadth and depth of stochastic programming applications. All the papers presented here involve optimization over the scenarios that represent possible future outcomes of the uncertainty problems. The applications, which were presented at the 12th International Conference on Stochastic Programming held in Halifax, Nova Scotia in August 2010, span the rich field of uses of these models. The finance papers discuss such diverse problems as longevity risk management of individual investors, personal financial planning, intertemporal surplus management, asset management with benchmarks, dynamic portfolio management, fixed income immunization and racetrack betting. The production and logistics papers discuss natural gas infrastructure design, farming Atlantic salmon, prevention of nuclear smuggling and sawmill planning. The energy papers involve electricity production planning, hydroelectric reservoir operations and power generation planning for liquid natural gas plants. Finally, two telecommunication papers discuss mobile network design and frequency assignment problems.

An Introduction to Stochastic Modeling

An Introduction to Stochastic Modeling PDF Author: Howard M. Taylor
Publisher: Academic Press
ISBN: 1483269272
Category : Mathematics
Languages : en
Pages : 410

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Book Description
An Introduction to Stochastic Modeling provides information pertinent to the standard concepts and methods of stochastic modeling. This book presents the rich diversity of applications of stochastic processes in the sciences. Organized into nine chapters, this book begins with an overview of diverse types of stochastic models, which predicts a set of possible outcomes weighed by their likelihoods or probabilities. This text then provides exercises in the applications of simple stochastic analysis to appropriate problems. Other chapters consider the study of general functions of independent, identically distributed, nonnegative random variables representing the successive intervals between renewals. This book discusses as well the numerous examples of Markov branching processes that arise naturally in various scientific disciplines. The final chapter deals with queueing models, which aid the design process by predicting system performance. This book is a valuable resource for students of engineering and management science. Engineers will also find this book useful.

Introduction to Computational Optimization Models for Production Planning in a Supply Chain

Introduction to Computational Optimization Models for Production Planning in a Supply Chain PDF Author: Stefan Voß
Publisher: Springer Science & Business Media
ISBN: 3540298797
Category : Business & Economics
Languages : en
Pages : 261

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Book Description
provide models that could be used by do-it-yourselfers and also can be used toprovideunderstandingofthebackgroundissuessothatonecandoabetter job of working with the (proprietary) algorithms of the software vendors. In this book we strive to provide models that capture many of the - tails faced by ?rms operating in a modern supply chain, but we stop short of proposing models for economic analysis of the entire multi-player chain. In other words, we produce models that are useful for planning within a supply chain rather than models for planning the supply chain. The usefulness of the models is enhanced greatly by the fact that they have been implemented - ing computer modeling languages. Implementations are shown in Chapter 7, which allows solutions to be found using a computer. A reasonable question is: why write the book now? It is a combination of opportunities that have recently become available. The availability of mod- inglanguagesandcomputersthatprovidestheopportunitytomakepractical use of the models that we develop. Meanwhile, software companies are p- viding software for optimized production planning in a supply chain. The opportunity to make use of such software gives rise to a need to understand some of the issues in computational models for optimized planning. This is best done by considering simple models and examples.

Optimization Models and Concepts in Production Management

Optimization Models and Concepts in Production Management PDF Author: Bradimaarte
Publisher: CRC Press
ISBN: 9782884490207
Category : Mathematics
Languages : en
Pages : 364

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Book Description
Optimization techniques in production management are becoming increasingly important for efficient and competitive manufacturing. This book presents a collection of tutorial papers by outstanding researchers on the application of optimization concepts. Topics introduced include hierarchical production planning and large scale scheduling, optimal production control, exact and heuristic algorithms for production scheduling and stochastic modelling.

Stochastic Modelling in Production Planning

Stochastic Modelling in Production Planning PDF Author: Alexander Hübl
Publisher: Springer
ISBN: 3658191201
Category : Business & Economics
Languages : en
Pages : 147

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Book Description
Alexander Hübl develops models for production planning and analyzes performance indicators to investigate production system behaviour. He extends existing literature by considering the uncertainty of customer required lead time and processing times as well as by increasing the complexity of multi-machine multi-items production models. Results are on the one hand a decision support system for determining capacity and the further development of the production planning method Conwip. On the other hand, the author develops the JIT intensity and analytically proves the effects of dispatching rules on production lead time.

Integrated Models in Production Planning, Inventory, Quality, and Maintenance

Integrated Models in Production Planning, Inventory, Quality, and Maintenance PDF Author: M.A. Rahim
Publisher: Springer Science & Business Media
ISBN: 1461516358
Category : Business & Economics
Languages : en
Pages : 452

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Book Description
Production planning, inventory management, quality control, and maintenance policy are critical components of the manufacturing system. The effective integration of these four components gives a manufacturing operation the competitive edge in today's global market place. Integrated Models in Production Planning, Inventory, Quality, and Maintenance provides, in one volume, the latest developments in the integration of production, quality, and maintenance models. Prominent researchers, who are actively engaged in these areas, have contributed the topical chapters focused on the most recent issues in the area. In Part I, Ben-Daya and Rahim provide an overview of the literature dealing with integrated models for production, quality, and maintenance. Directions for future research are outlined. Part II contains six chapters (chapters 2 to 6) dealing with integrated models for production and maintenance. Part III deals with integrated production/inventory and quality models in chapters 7-11. Part IV focuses on quality and maintenance integrated models and contains two chapters. Part V deals with warranty, manufacturing, and quality and contains two chapters. Part VI addresses issues related to quality and contains three chapters (chapters 16-18).

Introduction to Computational Optimization Models for Production Planning in a Supply Chain

Introduction to Computational Optimization Models for Production Planning in a Supply Chain PDF Author: Stefan Voß
Publisher: Springer Science & Business Media
ISBN: 3540247645
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
An easy-to-read introduction to the concepts associated with the creation of optimization models for production planning starts off this book. These concepts are then applied to well-known planning models, namely mrp and MRP II. From this foundation, fairly sophisticated models for supply chain management are developed. Another unique feature is that models are developed with an eye toward implementation. In fact, there is a chapter that provides explicit examples of implementation of the basic models using a variety of popular, commercially available modeling languages.

Stochastic Modeling

Stochastic Modeling PDF Author:
Publisher:
ISBN: 9780981396811
Category : Actuarial science
Languages : en
Pages :

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Book Description


Production Planning with Capacitated Resources and Congestion

Production Planning with Capacitated Resources and Congestion PDF Author: Hubert Missbauer
Publisher: Springer Nature
ISBN: 107160354X
Category : Business & Economics
Languages : en
Pages : 289

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Book Description
This book presents a comprehensive overview of recent developments in production planning. The monograph begins with an introductory chapter reviewing the need for these production planning models, that operate by determining time-phased releases of work into the facility or supply chain, relating these to the Manufacturing Planning and Control (MPC) and Advanced Planning and Scheduling (APS) frameworks, that form the basis of most academic research and industrial practice. The extensive body of work on Workload Control is also placed in this context, and proves the need for improved models with a discussion of the difficulties, these approaches encounter. The next two chapters present a detailed review of the state of the art in optimization models based on exogenous planned lead times, and examines the cases where these can take both integer and fractional values. The difficulties arising in estimating planned lead times are consistent with factory behavior which are highlighted, noting that many of these lead to non-convex optimization models. Attempts to address these difficulties by iterative multimodel approaches, that combine simulation and mathematical programming, are also discussed in detail. The next three chapters of the volume address the set of techniques developed using clearing functions, which represent the expected output of a resource in a planning period, as a function of the expected workload of the resource, during that period. The chapters on this subject propose a basic optimization model for multiple products, discuss the difficulties of this model and some possible solutions. It also reviews prior work, and discuss a number of alternative formulations of the clearing function concept with their respective advantages and disadvantages. Applications to lot sizing decisions and a number of other specific problems are also described. This volume concludes with an assessment of the state of the art described in the volume, and several directions for future work.

Purchasing and Supply Management

Purchasing and Supply Management PDF Author: Michiel Leenders
Publisher: McGraw-Hill Education
ISBN: 9780073377896
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The Fourteenth Edition of Purchasing and Supply Management provides a comprehensive introduction to the purchasing and supply chain management field, supported by over 40 case studies. Cases cover purchasing and supply chain issues in a variety of settings, from process industries to high tech manufacturing and services as well as public institutions. The text focuses on decision making throughout the supply chain. Based on the conviction that supply managers, in concert with suppliers and distributors, have to contribute to organizational goals and strategies, this edition continues to focus on how to make that mission a reality.