Inventory-production Theory: A Linear Policy Approach |
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Page 69
... costs compared to inventory costs deviations are not much larger than 10 % . Also , the increase of the deviation slows down . Considering the fact that for the linear approach the important certainty equivalence property holds ( c.o. ...
... costs compared to inventory costs deviations are not much larger than 10 % . Also , the increase of the deviation slows down . Considering the fact that for the linear approach the important certainty equivalence property holds ( c.o. ...
Page 82
... cost reduction due to the optimal safety stock . Note that this reduction does not depend on production costs p and q . The last column of Table 5.1 gives the relative cost deviation of the deterministic approximation and the LNQ ...
... cost reduction due to the optimal safety stock . Note that this reduction does not depend on production costs p and q . The last column of Table 5.1 gives the relative cost deviation of the deterministic approximation and the LNQ ...
Page 90
... costs not smaller than a r · x ) . Clearly , the strategy minimizing inventory costs is given by a sequence of production decisions which exactly meet demand : uk xVk . For this strategy , which shall be called S1 , no inventory costs ...
... costs not smaller than a r · x ) . Clearly , the strategy minimizing inventory costs is given by a sequence of production decisions which exactly meet demand : uk xVk . For this strategy , which shall be called S1 , no inventory costs ...
Contents
INVENTORYPRODUCTION THEORY | 1 |
B 825004 | 4 |
The general model | 7 |
Copyright | |
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approximation assumption balance equation Berlin C₁ Chap Chapter conditional mean cost criterion cost functions cost parameters costs are given defined demand sequence derive deterministic dynamic certainty equivalents dynamic programming Edited Ek+1 exponential smoothing Fachrichtung Operations Research Gauss-Markov Gauss-Markov process Gaussian H. P. Künzi Hence Herausgegeben inspection period inventory costs inventory problem Inventory-Production Theory investigated K₁ Kalman filter Karl Inderfurth linear decision rule linear policy linear-nonquadratic approach linear-quadratic models LNQ-approach Mathematical Systems non-quadratic Numerical results obtains Operations Research optimal costs optimal policy optimal safety stock p-matrix Piecewise linear costs probability distribution procedure production policy pure inventory quadratic quadratic functions S,S)-policy safety stock Schneeweiß Seiten sequence of demand set-up costs space representation Springer-Verlag stationary stochastic sequence suboptimal values variables variance VIII white noise xk+1 Xx+1 z-transform Εκ ас