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Inventory-production theory:

a linear policy approach
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Springer-Verlag, 1977 - Business & Economics - 116 pages
A linear policy approach; The linear quadratic model; The linear non-quadratic model; Comparison with optimal dynamic programming solutions; Comparison with deterministic approximations; Comparison with AHM-inventory models.

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Contents

Comparison with deterministic approximations
78
Comparison with AHMInvento1 Models
95
Summary and concluding remarks
110
Copyright

Other editions - View all

Inventory-production theory: a linear policy approach
Inventory-production theory: a linear policy approach
Christoph A. Schneeweiss
Snippet view - 1977

Common terms and phrases

approximation assumption balance equation beta-distribution calculated Chap Chapter conditional mean consider cost criterion cost deviations cost functions cost parameters costs are given defined demand distribution denotes derive deterministic distribution function dynamic certainty equivalents dynamic programming enlarging the inspection exponential smoothing finite horizon follows Gauss-Markov Gauss-Markov process Gaussian Hence inspection period inventory costs inventory problem investigate k+1 k+1 Kalman filter linear decision rule linear-quadratic LNQ-approach mixed strategy normally distributed Numerical Results obtains optimal costs optimal policy optimal safety stock Piecewise Linear Costs policy is given probability distribution procedure production costs pure inventory quadratic functions random variables random walk recursive reduces respect restricted rk_1 rk(i S,S)-policy sequence of demand set-up costs shown situation solving space representation stationary stochastic sequence stock on hand structure suboptimal Substituting Table variance white noise Wiener-Hopf equation z-transforms

Bibliographic information

QR code for Inventory-production theory
TitleInventory-production theory: a linear policy approach
Volume 151 of Lecture notes in economics and mathematical systems
Volume 151 of Lecture notes in economics and mathematical systems: Operations research
AuthorChristoph A. Schneeweiss
PublisherSpringer-Verlag, 1977
Original fromthe University of California
Digitized23 Aug 2011
ISBN3540084436, 9783540084433
Length116 pages
Subjects ›  › 

Business & Economics / Economics / General
Business & Economics / Production & Operations Management
Inventory control
Linear programming
Mathematics / Linear Programming
Production planning
  
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