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.
- ISBN:
- 9781461424666
- 9781461424666
-
Category:
- Purchasing & supply management
- Format:
- Paperback
- Publication Date:
-
25-02-2012
- Language:
- English
- Publisher:
- Springer-Verlag New York Inc.
- Country of origin:
- United States
- Pages:
- 255
- Dimensions (mm):
- 235x155x14mm
- Weight:
- 0.45kg
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