Hierarchical Decision Making Stochastic by Sethi Suresh (29 results)

Hardcover. Condition: Bon. Ancien livre de bibliothèque. Légères traces d'usure sur la couverture. Edition 1994. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Good. Former library book. Slight signs of wear on the cover. Edition 1994. Ammareal gives back up to 15% of this item's net price to charity organizations.

Hardcover/ Pappband. Condition: Gut. 419 Economics. Guter Zustand/ Good Ex-Library. As library copy in very good condition. With numerous figures. ha1057249 Sprache: Englisch Gewicht in Gramm: 850.

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Paperback. Condition: new. Paperback. One of the most important methods in dealing with the optimization of large, complex systems is that of hierarchical decomposition. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problems, and to construct a solution of the original problem from the solutions of these simpler prob lems. Development of such approaches for large complex systems has been identified as a particularly fruitful area by the Committee on the Next Decade in Operations Research (1988) [42] as well as by the Panel on Future Directions in Control Theory (1988) [65]. Most manufacturing firms are complex systems characterized by sev eral decision subsystems, such as finance, personnel, marketing, and op erations. They may have several plants and warehouses and a wide variety of machines and equipment devoted to producing a large number of different products. Moreover, they are subject to deterministic as well as stochastic discrete events, such as purchasing new equipment, hiring and layoff of personnel, and machine setups, failures, and repairs. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problems, and to construct a solution of the original problem from the solutions of these simpler prob lems. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Hardcover. Condition: new. Hardcover. Most manufacturing systems are large, complex, and subject to uncertainty. Obtaining exact feedback policies to run these systems is nearly impossible, both theoretically and computationally. It is a common practice, therefore, to manage such systems in a hierarchical fashion. This book articulates a theory that shows that hierarchical decision making in the context of a goal-seeking manufacturing system can lead to near optimization of its objective. The approach in this book considers manufacturing systems in which events occur at different time scales. For example, changes in demand may occur far more slowly than breakdowns and repairs of production machines. This suggests that capital expansion decisions that respond to demand are relatively longer term than those decisions regarding production. Thus, long-term decisions such as those dealing with capital expansion can be based on the average existing production rapacity, and can be expected to be nearly optimal even though the short-term capacity fluctuations are ignored. Having the long-term decisions in hand, one can then solve the simpler problem of obtaining production rates.Increasingly complex and realistic models of manufacturing systems with failure-prone machines facing uncertain demands are formulated as stochastic optimal control problems. Partial characterization of their solutions is provided when possible along with their hierarchical decomposition based on event frequencies. In the latter case, multilevel decisions are constructed in the manner described above and these decisions are shown to be asymptotically optimal as the average time between successive short-term events becomes much smaller than that between successive long-term events. Much attention is given to establish that the order of deviation of the cost of the hierarchical solution from the optimal cost is small. The striking novelty of the approach is that this is done without solving for the optimal solution, which as stated earlier is an insurmountable task. This approach presents a paradigm in convex production planning, whose roots go back to the classical work of Arrow, Karlin and Scarf (1958). It also represents a new research direction in control theory.Finally, the material covered in the book cuts across the disciplines of Operations Management, Operations Research, System and Control theory, Industrial Engineering, Probability and Statistics, and Applied Mathematics. It is anticipated that the book would encourage development of new models and techniques in these disciplines. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problems, and to construct a solution of the original problem from the solutions of these simpler prob lems. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

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Condition: New. pp. 440.

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Paperback. Condition: new. Paperback. One of the most important methods in dealing with the optimization of large, complex systems is that of hierarchical decomposition. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problems, and to construct a solution of the original problem from the solutions of these simpler prob lems. Development of such approaches for large complex systems has been identified as a particularly fruitful area by the Committee on the Next Decade in Operations Research (1988) [42] as well as by the Panel on Future Directions in Control Theory (1988) [65]. Most manufacturing firms are complex systems characterized by sev eral decision subsystems, such as finance, personnel, marketing, and op erations. They may have several plants and warehouses and a wide variety of machines and equipment devoted to producing a large number of different products. Moreover, they are subject to deterministic as well as stochastic discrete events, such as purchasing new equipment, hiring and layoff of personnel, and machine setups, failures, and repairs. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problems, and to construct a solution of the original problem from the solutions of these simpler prob lems. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Hardcover. Condition: Like New. Like New. book.

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Hardcover. Condition: new. Hardcover. Most manufacturing systems are large, complex, and subject to uncertainty. Obtaining exact feedback policies to run these systems is nearly impossible, both theoretically and computationally. It is a common practice, therefore, to manage such systems in a hierarchical fashion. This book articulates a theory that shows that hierarchical decision making in the context of a goal-seeking manufacturing system can lead to near optimization of its objective. The approach in this book considers manufacturing systems in which events occur at different time scales. For example, changes in demand may occur far more slowly than breakdowns and repairs of production machines. This suggests that capital expansion decisions that respond to demand are relatively longer term than those decisions regarding production. Thus, long-term decisions such as those dealing with capital expansion can be based on the average existing production rapacity, and can be expected to be nearly optimal even though the short-term capacity fluctuations are ignored. Having the long-term decisions in hand, one can then solve the simpler problem of obtaining production rates.Increasingly complex and realistic models of manufacturing systems with failure-prone machines facing uncertain demands are formulated as stochastic optimal control problems. Partial characterization of their solutions is provided when possible along with their hierarchical decomposition based on event frequencies. In the latter case, multilevel decisions are constructed in the manner described above and these decisions are shown to be asymptotically optimal as the average time between successive short-term events becomes much smaller than that between successive long-term events. Much attention is given to establish that the order of deviation of the cost of the hierarchical solution from the optimal cost is small. The striking novelty of the approach is that this is done without solving for the optimal solution, which as stated earlier is an insurmountable task. This approach presents a paradigm in convex production planning, whose roots go back to the classical work of Arrow, Karlin and Scarf (1958). It also represents a new research direction in control theory.Finally, the material covered in the book cuts across the disciplines of Operations Management, Operations Research, System and Control theory, Industrial Engineering, Probability and Statistics, and Applied Mathematics. It is anticipated that the book would encourage development of new models and techniques in these disciplines. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problems, and to construct a solution of the original problem from the solutions of these simpler prob lems. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

paperback. Condition: Like New. Like New. book.

Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. One of the most important methods in dealing with the optimization of large, complex systems is that of hierarchical decomposition. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problem.

Gebunden. Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. One of the most important methods in dealing with the optimization of large, complex systems is that of hierarchical decomposition. The idea is to reduce the overall complex problem into manageable approximate problems or subproblems, to solve these problem.

Paperback / softback. Condition: New. This item is printed on demand. New copy - Usually dispatched within 5-9 working days 643.

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Condition: New. Print on Demand pp. 440 49:B&W 6.14 x 9.21 in or 234 x 156 mm (Royal 8vo) Perfect Bound on White w/Gloss Lam.

Condition: New. PRINT ON DEMAND pp. 440.