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Optimization of Stochastic Models
Georg Pflug
€ 257.15
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Description for Optimization of Stochastic Models
Hardback. In manufacturing, queuing models are used for modeling production processes. Realistic inventory models are stochastic in nature. Stochastic models are considered in transportation and communication. This book is suitable for a graduate level course on stochastic models or as a secondary text for a graduate level course in operations research. Series: The Springer International Series in Engineering and Computer Science. Num Pages: 382 pages, biography. BIC Classification: KJT; PBT. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 22. Weight in Grams: 735.
Stochastic models are everywhere. In manufacturing, queuing models are used for modeling production processes, realistic inventory models are stochastic in nature. Stochastic models are considered in transportation and communication. Marketing models use stochastic descriptions of the demands and buyer's behaviors. In finance, market prices and exchange rates are assumed to be certain stochastic processes, and insurance claims appear at random times with random amounts.
To each decision problem, a cost function is associated. Costs may be direct or indirect, like loss of time, quality deterioration, loss in production ... Read more
Stochastic models are everywhere. In manufacturing, queuing models are used for modeling production processes, realistic inventory models are stochastic in nature. Stochastic models are considered in transportation and communication. Marketing models use stochastic descriptions of the demands and buyer's behaviors. In finance, market prices and exchange rates are assumed to be certain stochastic processes, and insurance claims appear at random times with random amounts.
To each decision problem, a cost function is associated. Costs may be direct or indirect, like loss of time, quality deterioration, loss in production ... Read more
Product Details
Format
Hardback
Publication date
1996
Publisher
Kluwer Academic Publishers United States
Number of pages
382
Condition
New
Series
The Springer International Series in Engineering and Computer Science
Number of Pages
382
Place of Publication
Dordrecht, Netherlands
ISBN
9780792397809
SKU
V9780792397809
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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