Dynamic and Stochastic Multi-Project Planning (Lecture Notes in Economics and Mathematical Systems)

Philipp Melchiors

ISBN 10: 3319045393 / ISBN 13: 9783319045399

Published by Springer 2015-05-31, 2015

About this Item

Seller Inventory # 6666-IUK-9783319045399

Bibliographic Details

• Title: Dynamic and Stochastic Multi-Project Planning (Lecture Notes in Economics and Mathematical Systems)
• Publisher: Springer 2015-05-31
• Publication Date: 2015
• Language: English
• ISBN 10: 3319045393
• ISBN 13: 9783319045399
• Binding: Paperback
• Condition: New

About this title

Synopsis

This book deals with dynamic and stochastic methods for multi-project planning. Based on the idea of using queueing networks for the analysis of dynamic-stochastic multi-project environments this book addresses two problems: detailed scheduling of project activities, and integrated order acceptance and capacity planning. In an extensive simulation study, the book thoroughly investigates existing scheduling policies. To obtain optimal and near optimal scheduling policies new models and algorithms are proposed based on the theory of Markov decision processes and Approximate Dynamic programming. Then the book presents a new model for the effective computation of optimal policies based on a Markov decision process. Finally, the book provides insights into the structure of optimal policies.

About the Author

Philipp Melchiors is a consultant for an Operations Research focused consulting company. Prior to his current position he worked as research and teaching assistant at the TUM School of Management, Technische Universität München. During this time he wrote his Ph.D. thesis on "Dynamic and stochastic multi-project planning".