Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Inventory-Production Theory

Inventory-Production Theory

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783540084433
Condition
New
Product Description

The term inventory-production theory is not well defined. It com prises e. g. such models like cash balance models, production smoothing models and pure inventory models. We shall here mainly be concerned with stochastic dynamic problems and shall give exact definitions in the next section. Most of our work will concentrate on cash balance models. However, production smoothing situations and pure inventory problems will also be investigated. Since we are faced in principle with dynamic stochastic situa tions a dynamic programming approach would be appropriate. This approach, however, due to computational restraints, is limited to only but the simplest models. Therefore, in practice, one ruduces stochastics just in taking forecasts of demand and then treating the problem as a deterministic optimization problem. In addition one often introduces certain safety stocks to safeguard the system from possible forecasting errors. In general, this proce dure is suboptimal. However, there exists one particular situa tion when a separation in a forecasting procedure and a subse quent optimization of the remaining deterministic model is not suboptimal. This is known as the linear-quadratic model, i. e. a model having linear system equations and a quadratic cost crite rion. For this type of model H. A. Simon ~3J and later H. Theil [25J have shown that the above separation property holds. In fact, Simon's and Theil's results are nothing else but what has later and more generally become known to control engineers as Kalman's famous separation principle.

Available Colors
Available Sizes
1 Offer Price Range: $39.99 - $39.99
BEST PRICE

Single Product Purchase

$39.99
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$39.99 $39.99

$39.99
See Site In stock Visit Store

Similar Products

Corporate Governance and Business Ethics

$129.00

European Higher Education at the Crossroads

$219.99

Cultural Creativity in the Early English Renaissance

$39.99

Qualittsmanagement im Unternehmen

$99.00

Atlas of Human Reproduction

$109.99

Reproducible Research in Pattern Recognition

$39.99

Einfhrung in die Roboterprogrammierung

$69.95

Kreativitt im Sport

$44.99

Spiegeltherapie in Physiotherapie und Ergotherapie

$34.99

Horticulture: Plants for People and Places

$329.99

Untersuchungen ber borhaltige Ringsysteme vom Chelattyp

$59.99

Understanding Mechanical Ventilation

$79.99

Aging And Ethics

$109.99

Robotics in Meat, Fish and Poultry Processing

$39.99

Automobilergonomie

$139.99

Performance Measurement von wissensintensiven Geschftsprozessen

$84.99

Pdagogische Professionalitt in Organisationen

$39.99

Innovative Approaches to Socioscientific Issues and Sustainability Education

$179.99

Neural Network-Based Adaptive Control of Uncertain Nonlinear Systems

$179.99

Abgeltungsteuer

$54.99

Human Rights and Incarceration

$129.99

Praxis

$219.99

New Life Of Charlotte Bronte

$24.99

Rume und environments

$59.99

Cosmological Parameters and the Evolution of the Universe

$109.99

Contested Modernities in Chinese Literature

$54.99

Surface and Colloid Science

$169.00

Strive-for-Five Conversations (10-copy pack)

$269.90

Beta maritima

$149.00

Problem-Solving Methods in Combinatorics

$64.99

The Palgrave Handbook of Globalization with Chinese Characteristics

$249.99

Difference Spaces and Invariant Linear Forms

$29.99

Hindenburg

$54.99

Enhancing Hubble's Vision

$44.99

Das ganze Leben leben

$19.99

Computational Sciences and Sustainable Technologies

$79.99

Computing Particle Properties

$39.99

Structural Realism

$139.99

Power Engineering and Intelligent Systems

$299.99

Pattern Recognition and Computer Vision

$59.99