Download or read book A Multi product Dynamic Nonstationary Inventory Problem written by Arthur F. Veinott (Jr.) and published by . This book was released on 1964 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper is concerned with a multi-product dynamic nonstationary inventory problem in which the system is reviewed at the beginning of each of a sequence of periods of equal length. The model has the following features. There is a general demand process with no stationarity or independence assumptions, partial or complete backlogging of unfilled demand, a fixed nonnegative delivery lag (which may be positive only under complete backlogging), a nonstationary linear ordering cost, a nonstationary holding and shortage cost function, discounting of future costs, and nonstationary restrictions like budget and storage limitations. The objective is to choose an ordering policy that minimizes the expected discounted costs over an infinite time horizon. Conditions are given that ensure that the base stock ordering policy is optimal and that the base stock levels in each period are easy to calculate. (Author).
Download or read book Naval Research Logistics Quarterly written by and published by . This book was released on 1974 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Logistics Research Conference written by and published by . This book was released on 1965 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Government wide Index to Federal Research Development Reports written by and published by . This book was released on 1967 with total page 1062 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Principles of Inventory Management written by John A. Muckstadt and published by Springer Science & Business Media. This book was released on 2010-03-20 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventories are prevalent everywhere in the commercial world, whether it be in retail stores, manufacturing facilities, government stockpile material, Federal Reserve banks, or even your own household. This textbook examines basic mathematical techniques used to sufficiently manage inventories by using various computational methods and mathematical models. The text is presented in a way such that each section can be read independently, and so the order in which the reader approaches the book can be inconsequential. It contains both deterministic and stochastic models along with algorithms that can be employed to find solutions to a variety of inventory control problems. With exercises at the end of each chapter and a clear, systematic exposition, this textbook will appeal to advanced undergraduate and first-year graduate students in operations research, industrial engineering, and quantitative MBA programs. It also serves as a reference for professionals in both industry and government worlds. The prerequisite courses include introductory optimization methods, probability theory (non-measure theoretic), and stochastic processes.
Download or read book Fundamentals of Supply Chain Theory written by Lawrence V. Snyder and published by John Wiley & Sons. This book was released on 2019-07-11 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensively teaches the fundamentals of supply chain theory This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, and auctions. Key mathematical models for optimizing the design, operation, and evaluation of supply chains are presented as well as models currently emerging from the research frontier. Fundamentals of Supply Chain Theory, Second Edition contains new chapters on transportation (traveling salesman and vehicle routing problems), integrated supply chain models, and applications of supply chain theory. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for facility location, a multi-supplier model for supply uncertainty, and a game-theoretic analysis of auctions. The second edition also contains case studies for each chapter that illustrate the real-world implementation of the models presented. This edition also contains nearly 200 new homework problems, over 60 new worked examples, and over 140 new illustrative figures. Plentiful teaching supplements are available, including an Instructor’s Manual and PowerPoint slides, as well as MATLAB programming assignments that require students to code algorithms in an effort to provide a deeper understanding of the material. Ideal as a textbook for upper-undergraduate and graduate-level courses in supply chain management in engineering and business schools, Fundamentals of Supply Chain Theory, Second Edition will also appeal to anyone interested in quantitative approaches for studying supply chains.
Download or read book Decision Policies for Production Networks written by Dieter Armbruster and published by Springer Science & Business Media. This book was released on 2012-03-05 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial results of any manufacturing company can be dramatically impacted by the repetitive decisions required to control a complex production network be it a network of machines in a factory; a network of factories in a company; or a network of companies in a supply chain. Decision Policies for Production Networks presents recent convergent research on developing policies for operating production networks including details of practical control and decision techniques which can be applied to improve the effectiveness and economic efficiency of production networks worldwide. Researchers and practitioners come together to explore a wide variety of approaches to a range of topics including: WIP and equipment management policies, Material release policies, Machine, factory, and supply chain network policies for delivery in the face of supply and demand variability, and Conflicts between complex production network models and their controlling policies. Case studies and relevant mathematical techniques are included to support and explain techniques such as heuristics, global and hierarchical optimization, control theory and filtering approaches related to complex systems or traffic flows. Decision Policies for Production Networks acts as handbook for researchers and practitioners alike, providing findings and information which can be applied to develop methods and advance further research across production networks.
Download or read book Handbook of Newsvendor Problems written by Tsan-Ming Choi and published by Springer Science & Business Media. This book was released on 2012-06-09 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a fundamental problem in stochastic inventory control, the newsvendor problem has been studied since the 18th century in the economic literature, and has been widely used to analyze supply chains in fashion and seasonal product industries. Since the 1950s, the newsvendor problem has been extensively studied in operations research and extended to model a variety of real-life problems. The simplest and most elementary version of the newsvendor problem is an optimal stocking problem in which a newsvendor needs to decide how many newspapers to order for future demand, where the future demand is uncertain and follows a stationary distribution. Research in this area has greatly increased over the last few years, and now the Handbook of Newsvendor Problems: Models, Extensions and Applications captures the state of the art. The handbook consists of two sections -- Models and Extensions, and Applications. Each section includes many interesting works in the respective domain. Section I presents papers on topics like the multi-product newsvendor problems; the newsvendor problem with law invariant coherent measures of risk; a Copula approach to inventory pooling problems with newsvendor products; repeated newsvendor games with transshipments; cooperative newsvendor games; an economic interpretation for the price-setting newsvendor problem; newsvendor models with alternative risk preferences within expected utility theory and prospect theory frameworks; and newsvendor problems with VaR and CVaR consideration. Section II presents papers on such topics as a two-period newsvendor problem for closed-loop supply chain analysis; the remanufacturing newsvendor problem; inventory centralization in a newsvendor setting when shortage costs differ; production planning on an unreliable machine for multiple items; analysis of the newsvendor problem under carbon emissions policies; optimal decisions of the manufacturer and distributor in a fresh product supply chain involving long distance transportation; a newsvendor perspective on profit target setting for multiple divisions; and a portfolio approach to multi-product newsvendor problem with budget constraint. This well-balanced handbook presents a wealth of theoretical results from different perspectives. With contributions from many of the leading researchers in the field, the Handbook of Newsvendor Problems: Models, Extensions and Applications is a timely addition to the literature and consolidates all the new and exciting works related to the newsvendor problem into one high quality source.
Download or read book Mathematics of the Decision Sciences written by George Bernard Dantzig and published by American Mathematical Soc.. This book was released on 1968-12-31 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Logistics of Production and Inventory written by S.C. Graves and published by Elsevier. This book was released on 1993-05-27 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook
Download or read book The Value of Information Updating in New Product Development written by Christian Artmann and published by Springer Science & Business Media. This book was released on 2009-04-21 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing uncertainty in new product development projects for improved valuation and decision making is one of the most complex and challenging problems in operations management. It is important for any corporation depending on the success of new products and innovations. This work shows how uncertainty can be handled and partly resolved by conducting an information update during the development process. It is one of the first comprehensive models that combine statistical decision theory in form of Bayesian analysis with a real options framework for projects exposed to different sources of uncertainty. The proposed framework makes an important theoretical contribution in addressing this problem, while at the same time being of significant value to managers who face the difficult task of evaluating and managing complex product development projects.
Download or read book Stochastic Models in Operations Research Stochastic optimization written by Daniel P. Heyman and published by Courier Corporation. This book was released on 2004-01-01 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two-volume set of texts explores the central facts and ideas of stochastic processes, illustrating their use in models based on applied and theoretical investigations. They demonstrate the interdependence of three areas of study that usually receive separate treatments: stochastic processes, operating characteristics of stochastic systems, and stochastic optimization. Comprehensive in its scope, they emphasize the practical importance, intellectual stimulation, and mathematical elegance of stochastic models and are intended primarily as graduate-level texts.
Download or read book Decision Criteria and Optimal Inventory Processes written by Baoding Liu and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision Criteria and Optimal Inventory Processes provides a theoretical and practical introduction to decision criteria and inventory processes. Inventory theory is presented by focusing on the analysis and processes underlying decision criteria. Included are many state-of-the-art criterion models as background material. These models are extended to the authors' newly developed fuzzy criterion models which constitute a general framework for the study of stochastic inventory models with special focus on the real world inventory theoretic reservoir operations problems. The applications of fuzzy criterion dynamic programming models are illustrated by reservoir operations including the integrated network of reservoir operation and the open inventory network problems. An interesting feature of this book is the special attention it pays to the analysis of some theoretical and applied aspects of fuzzy criteria and dynamic fuzzy criterion models, thus opening up a new way of injecting the much-needed type of non-cost, intuitive, and easy-to-use methods into multi-stage inventory processes. This is accomplished by constructing and optimizing the fuzzy criterion models developed for inventory processes. Practitioners in operations research, management science, and engineering will find numerous new ideas and strategies for modeling real world multi- stage inventory problems, and researchers and applied mathematicians will find this work a stimulating and useful reference.
Download or read book Management Science written by and published by . This book was released on 2001-09 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues for Feb. 1965-Aug. 1967 include Bulletin of the Institute of Management Sciences.
Download or read book Multiproduct Dynamic Machine Loading Via Rolling Schedule Algorithms written by John Christopher Warner and published by . This book was released on 1971 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Interactive Operations Research with Maple written by Mahmut Parlar and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interactive Operations Research with Maple: Methods and Models has two ob jectives: to provide an accelerated introduction to the computer algebra system Maple and, more importantly, to demonstrate Maple's usefulness in modeling and solving a wide range of operations research (OR) problems. This book is written in a format that makes it suitable for a one-semester course in operations research, management science, or quantitative methods. A nwnber of students in the departments of operations research, management science, oper ations management, industrial and systems engineering, applied mathematics and advanced MBA students who are specializing in quantitative methods or opera tions management will find this text useful. Experienced researchers and practi tioners of operations research who wish to acquire a quick overview of how Maple can be useful in solving OR problems will find this an excellent reference. Maple's mathematical knowledge base now includes calculus, linear algebra, ordinary and partial differential equations, nwnber theory, logic, graph theory, combinatorics, statistics and transform methods. Although Maple's main strength lies in its ability to perform symbolic manipulations, it also has a substantial knowledge of a large nwnber of nwnerical methods and can plot many different types of attractive-looking two-dimensional and three-dimensional graphs. After almost two decades of continuous improvement of its mathematical capabilities, Maple can now boast a user base of more than 300,000 academics, researchers and students in different areas of mathematics, science and engineering.
Download or read book Dynamic Programming written by Eric V. Denardo and published by Courier Corporation. This book was released on 2012-12-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed both for those who seek an acquaintance with dynamic programming and for those wishing to become experts, this text is accessible to anyone who's taken a course in operations research. It starts with a basic introduction to sequential decision processes and proceeds to the use of dynamic programming in studying models of resource allocation. Subsequent topics include methods for approximating solutions of control problems in continuous time, production control, decision-making in the face of an uncertain future, and inventory control models. The final chapter introduces sequential decision processes that lack fixed planning horizons, and the supplementary chapters treat data structures and the basic properties of convex functions. 1982 edition. Preface to the Dover Edition.
