Average-cost Control Of Stochastic Manufacturing Systems (stochastic Modelling And Applied Probability)

Sethi, Suresh P.; Zhang, Han-Qin; Zhang, Qing

ISBN 10: 0387219471 / ISBN 13: 9780387219479

Published by Springer, 2005

About this Item

This is a Brand-new US Edition. This Item may be shipped from US or any other country as we have multiple locations worldwide. Seller Inventory # ABNR-82962

Bibliographic Details

Title: Average-cost Control Of Stochastic ...

Publisher: Springer

Publication Date: 2005

Binding: Hardcover

Condition: New

About this title

Synopsis:

This book articulates a new theory that shows that hierarchical decision making can in fact lead to a near optimization of system goals. The material in the book cuts across disciplines. It will appeal to graduate students and researchers in applied mathematics, operations management, operations research, and system and control theory.

From the Back Cover:

This book is concerned with hierarchical control of manufacturing systems under uncertainty.  It focuses on system performance measured in long-run average cost criteria, exploring the relationship between control problems with a discounted cost and that with a long-run average cost in connection with hierarchical control.  A new theory is articulated that shows that hierarchical decision making in the context of a goal-seeking manufacturing system can lead to a near optimization of its objective.  The approach in the book considers manufacturing systems in which events occur at different time scales.