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

Optimization of Stochastic Models

Optimization of Stochastic Models

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9780792397809
Condition
New
Product Description

Stochastic models are everywhere. In manufacturing, queuing models are used for modeling production processes, realistic inventory models are stochastic in nature. Stochastic models are considered in transportation and communication. Marketing models use stochastic descriptions of the demands and buyer's behaviors. In finance, market prices and exchange rates are assumed to be certain stochastic processes, and insurance claims appear at random times with random amounts. To each decision problem, a cost function is associated. Costs may be direct or indirect, like loss of time, quality deterioration, loss in production or dissatisfaction of customers. In decision making under uncertainty, the goal is to minimize the expected costs. However, in practically all realistic models, the calculation of the expected costs is impossible due to the model complexity. Simulation is the only practicable way of getting insight into such models. Thus, the problem of optimal decisions can be seen as getting simulation and optimization effectively combined. The field is quite new and yet the number of publications is enormous. This book does not even try to touch all work done in this area. Instead, many concepts are presented and treated with mathematical rigor and necessary conditions for the correctness of various approaches are stated. Optimization of Stochastic Models: The Interface Between Simulation and Optimization is suitable as a text for a graduate level course on Stochastic Models or as a secondary text for a graduate level course in Operations Research.

Available Colors
Available Sizes
1 Offer Price Range: $169.00 - $169.00
BEST PRICE

Single Product Purchase

$152.10
@ Link.springer.com with extra coupon Get Coupon & BUY

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
$169.00 $169.00

10% OFF
This deals requires coupon Get Code Here
$152.10
See Site In stock Visit Store

Similar Products

Writing Friendship

$99.99

Electrical Engineering

$169.99

Emanuel Geibels Aufstieg zum literarischen Reprsentanten seiner Zeit

$34.99

Mechanisches Verhalten von Polymeren Wechselwirkung in Polymeren bzw. kolloiden Systemen

$39.99

Das neue Verfahren in Militrversorgungssachen

$59.99

Mechanik

$64.99

Out-of-order Parallel Discrete Event Simulation for Electronic System-level Design

$109.99

Foreign Language Education in America

$49.99

Intensive Care Fundamentals

$84.99

I Survived the Shark Attacks of 1916 (I Survived Graphic Novel #2): A Graphix Book (Hardcover)

$18.75

Oberon-2 Programming with Windows

$99.99

Nonlinear Parabolic-Hyperbolic Coupled Systems and Their Attractors

$199.99

The AmbedkarGandhi Debate

$89.00

Handbuch Kriegstheorien

$169.99

Monetary and Fiscal Policies in the Euro Area

$109.99

Advances in Data and Web Management

$84.99

Foundations of Security Analysis and Design III

$49.99

Thermodynamik

$54.99

Grab and Go Pack Theme 1: Favorite Books Pre-K Spanish

$29.95

Genetics and Genomics of Brachypodium

$169.99

Nichtlineare Berechnungen im Konstruktiven Ingenieurbau

$169.99

Bilingual Word Search #1 English-Spanish / Sopa de Letras Bilingue #1 Espanol-Ingles by American Book Group

$14.95

Tolstoy on the Couch

$84.99

Pattern Recognition

$54.99

The Agile Enterprise

$59.99

Metals and their Functional Role in the Structures of Invertebrates

$159.99

Performance Evaluation and Benchmarking of Intelligent Systems

$169.99

Moleklstruktur

$59.99

Cluster Dynamics in Transition Economies

$54.99

China's Road and Aging Population

$179.99

Photomorphogenesis in plants

$109.99

Apprehension and Argument

$129.00

Wired/Wireless Internet Communications

$54.99

Advancing Women in Science

$109.99

Singular Random Dynamics

$54.99

Change and Progress in Modern Science

$169.99

Die "Neue Europische Sicherheitsarchitektur"

$69.99

Verlsslichkeit als Beschaffungskriterium

$84.99

Einflu des Selbstzndungsverhaltens der Kraftstoffe auf den Verbrennungsablauf, Wirkungsgrad und D

$59.99

A Russian Advocate of Peace: Vasilii Malinovskii (17651814)

$219.99