Markovian Demand Inventory Models
Dirk Beyer author Feng Cheng author Suresh P Sethi author Michael Taksar author
Format:Hardback
Publisher:Springer-Verlag New York Inc.
Published:16th Oct '09
Currently unavailable, and unfortunately no date known when it will be back
This text provides a superbly researched insight into Markovian demand inventory models. The result of ten years of research, this work covers all aspects of demand inventory where they are modeled by Markov processes. Inventory management is concerned with matching supply with demand and is a central problem in Operations Management. The central 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.
From the reviews:
“In this book, the authors present a complete, rigorous mathematical treatment of the classical dynamic inventory models with stochastic demands. … This book is an elegant and comprehensive account of Markovian demand inventory models. It will be useful for students, researchers and practitioners in operations management and industrial engineering.” (P. R. Parthasarathy, Mathematical Reviews, Issue 201ISBN: 9780387716039
Dimensions: unknown
Weight: 1250g
255 pages
2010 ed.