A Stochastic Model of Resource Flexibility (Classic Reprint)
Language: English
Published by Forgotten Books, 2024
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 17.04
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book presents a stochastic control model to analyze and quantify the economic value of flexible resources in a manufacturing system, particularly in the context of flexible manufacturing systems. The model considers a two-stage production process, consisting of two work stations and two tasks, and explores the optimal allocation of these resources to maximize expected profit under various constraints and assumptions. The author develops a class of feasible policies called barrier policies and derives computational results for these policies. The book identifies dominant strategies in the real-time allocation of flexible workstations and establishes conditions that explicitly determine the optimal barrier policy. These results provide insights into the management of flexible production systems and highlight the potential for increasing efficiency and profitability by optimizing the use of flexible resources. 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.…
Seller Inventory # 9781332978175_0
- Title
- A Stochastic Model of Resource Flexibility (Classic Reprint)
- Author
- Lode Li
- Publisher
- Forgotten Books
- Publication year
- 2024
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1332978177
- ISBN 13
- 9781332978175
- Seller catalogs
- Marketing
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Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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