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Excerpt from Optimal Sequential Production Under Uncertainty
The deterministic version of this problem has been formulated by Wagner and Whitin [18] as a dynamic programming problem. Moreover, under certain cost assumptions, they demonstrated a computationally important planning horizon result ensuring that in the optimal schedule one would receive a replenishment quantity_only when on-hand inventory had fallen to zero. The stochastic version of the problem can be further partitioned into models assuming independent stochastic demands in each period, as opposed to models allowing for some type of sequential dependency. We will be concerned ex elusively with ways of allowing for dependencies in demands.
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- PublisherForgotten Books
- Publication date2024
- ISBN 10 1333783930
- ISBN 13 9781333783938
- BindingPaperback
- LanguageEnglish
- Number of pages47
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Optimal Sequential Production Under Uncertainty (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book considers a critical problem for manufacturers: optimizing production of a new product with uncertain demand. The author provides an in-depth analysis, integrating statistical forecasting models with production decisions. In addition to the core problem, this book explores the evolution of demand patterns over a product's life cycle. The author places particular emphasis on products with predictable, time-varying demand, such as replacement parts. By comprehensively linking demand forecasting and production planning, this book offers a valuable tool for manufacturers seeking to minimize costs and meet customer demand effectively. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781333783938_0
Quantity: Over 20 available
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Optimal Sequential Production Under Uncertainty Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781333783938
Quantity: 15 available
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Optimal Sequential Production Under Uncertainty Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 4 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781333783938
Quantity: 15 available