Foundations of Stochastic Inventory Theory PDF Download
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Author: Evan L. Porteus
Publisher: Stanford University Press
ISBN: 9780804743990
Category : Business & Economics
Languages : en
Pages : 330
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Book Description
This book has a dual purpose?serving as an advanced textbook designed to prepare doctoral students to do research on the mathematical foundations of inventory theory, and as a reference work for those already engaged in such research. All chapters conclude with exercises that either solidify or extend the concepts introduced.
Author: Evan L. Porteus
Publisher: Stanford University Press
ISBN: 9780804743990
Category : Business & Economics
Languages : en
Pages : 330
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Book Description
This book has a dual purpose?serving as an advanced textbook designed to prepare doctoral students to do research on the mathematical foundations of inventory theory, and as a reference work for those already engaged in such research. All chapters conclude with exercises that either solidify or extend the concepts introduced.
Author: John A. Buzacott
Publisher: Englewood Cliffs, N.J. : Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 586
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Book Description
Outlining the major issues that have to be addressed in the design and operation of each type of system, this new text explores the stochastic models of a wide range of manufacturing systems. It covers flow lines, job shops, transfer lines, flexible manufacturing systems, flexible assembly systems, cellular systems, and more. For professionals working in the area of manufacturing system modelling.
Author:
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages : 276
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Book Description
Author: J. MacGregor Smith
Publisher: Springer Science & Business Media
ISBN: 1461467772
Category : Business & Economics
Languages : en
Pages : 397
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Book Description
This handbook surveys important stochastic problems and models in manufacturing system operations and their stochastic analysis. Using analytical models to design and control manufacturing systems and their operations entail critical stochastic performance analysis as well as integrated optimization models of these systems. Topics deal with the areas of facilities planning, transportation, and material handling systems, logistics and supply chain management, and integrated productivity and quality models covering: • Stochastic modeling and analysis of manufacturing systems • Design, analysis, and optimization of manufacturing systems • Facilities planning, transportation, and material handling systems analysis • Production planning, scheduling systems, management, and control • Analytical approaches to logistics and supply chain management • Integrated productivity and quality models, and their analysis • Literature surveys of issues relevant in manufacturing systems • Case studies of manufacturing system operations and analysis Today’s manufacturing system operations are becoming increasingly complex. Advanced knowledge of best practices for treating these problems is not always well known. The purpose of the book is to create a foundation for the development of stochastic models and their analysis in manufacturing system operations. Given the handbook nature of the volume, introducing basic principles, concepts, and algorithms for treating these problems and their solutions is the main intent of this handbook. Readers unfamiliar with these research areas will be able to find a research foundation for studying these problems and systems.
Author: Yihong Fan
Publisher: ProQuest
ISBN: 9780549791409
Category : Inventory control
Languages : en
Pages : 184
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Book Description
This thesis considers a class of single-stage, single-product Make-to-Stock Production/Inventory Systems (MTS systems) with backorders, under various replenishment policies. It studies two types of stochastic models for such MTS systems: a discrete model and a stochastic fluid model (SFM). In a discrete model of an MTS system, order fulfillment from inventory following demand arrivals and inventory restocking following replenishment arrivals are modeled as discrete jumps in the inventory position level. In contrast, stocks in an SFM are treated as fluid, and demand fulfillment and inventory replenishment are carried out continuously, as stock flows into and out of inventory driven by flow rates. We then proceed to derive formulas for Infinitesimal Perturbation Analysis (IPA) derivatives in such MTS systems, and show them to be unbiased under appropriate conditions.
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.
Author: Tsan-Ming Choi
Publisher: Springer Science & Business Media
ISBN: 1461476399
Category : Business & Economics
Languages : en
Pages : 281
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Book Description
The Economic Order Quantity (EOQ) inventory model first appeared in 1913, and in its centennial, it is still one of the most important inventory models. Despite the abundance of both classical and new research results, there was (until now) no comprehensive reference source that provides the state-of-the-art findings on both theoretical and applied research on the EOQ and its related models. This edited handbook puts together all these interesting works and the respective insights into an edited volume. The handbook contains papers which explore both the deterministic and the stochastic EOQ-model based problems and applications. It is organized into three parts: Part I presents three papers that provide an introduction and review of various EOQ related models. Part II includes four technical analyses on single-echelon EOQ-model based inventory problems. Part III consists of five papers on applications of the EOQ model for multi-echelon supply chain inventory analysis.
Author: J. George Shanthikumar
Publisher: Springer Science & Business Media
ISBN: 1461503736
Category : Business & Economics
Languages : en
Pages : 413
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Book Description
This volume originates from two workshops, both focusing on themes that are reflected in the title of the volume. The first workshop took place at Eindhoven University of Technology, April 24-26, 2001, on the occasion of the University granting a doctorate honoris causa to Profes sor John A. Buzacott. The second workshop was held on June 15, 2002 at Cornell University (preceding the annual INFORMSjMSOM Confer ence), honoring John's retirement and his lifetime contributions. Each of the two workshops consisted of about a dozen technical presentations. The objective of the volume, however, is not to simply publish the proceedings of the two workshops. Rather, our objective is to put to gether a select set of articles, each organized into a well-written chapter, focusing on a timely topic. Collected into a single volume, these chapters aim to serve as a useful reference for researchers and practitioners alike, and also as reading materials for graduate courses or seminars.
Author: George Liberopoulos
Publisher: Springer Science & Business Media
ISBN: 3540290575
Category : Business & Economics
Languages : en
Pages : 363
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Book Description
Manufacturing systems rarely perform exactly as expected and predicted. Unexpected events, such as order changes, equipment failures and product defects, affect the performance of the system and complicate decision-making. This volume is devoted to the development of analytical methods aiming at responding to variability in a way that limits its corrupting effects on system performance. The book includes fifteen novel chapters that mostly focus on the development and analysis of performance evaluation models of manufacturing systems using decomposition-based methods, Markovian and queuing analysis, simulation, and inventory control approaches. They are organized into four distinct sections to reflect their shared viewpoints: factory design, unreliable production lines, queuing network models, production planning and assembly.
Author: George F Hadley
Publisher:
ISBN: 9781258240233
Category :
Languages : en
Pages : 464
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Book Description
