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Markovian Demand Inventory Models

Markovian Demand Inventory Models (Hardback)

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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.

BusinessBusiness & managementManagement & management techniquesManagement of specific areas & peopleScience & MathematicsMathematicsApplied mathematicsMathematical modelling Publisher: Springer-Verlag New York Inc. Publication Date: 16/10/2009 ISBN-13: 9780387716039  Details: Type: Hardback Format: Books
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