Hierarchical Decision Making In Stochastic Manufacturing Systems
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Hierarchical Decision Making in Stochastic Manufacturing Systems
Author | : Suresh P. Sethi,Qing Zhang |
Publsiher | : Springer Science & Business Media |
Total Pages | : 420 |
Release | : 2012-12-06 |
Genre | : Technology & Engineering |
ISBN | : 9781461202851 |
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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.
Average Cost Control of Stochastic Manufacturing Systems
Author | : Suresh P. Sethi,Han-Qin Zhang,Qing Zhang |
Publsiher | : Springer Science & Business Media |
Total Pages | : 324 |
Release | : 2006-03-22 |
Genre | : Business & Economics |
ISBN | : 9780387276151 |
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This book articulates a new theory that shows that hierarchical decision making can in fact lead to a near optimization of system goals. The material in the book cuts across disciplines. It will appeal to graduate students and researchers in applied mathematics, operations management, operations research, and system and control theory.
Handbook of Stochastic Analysis and Applications
Author | : D. Kannan,V. Lakshmikantham |
Publsiher | : CRC Press |
Total Pages | : 808 |
Release | : 2001-10-23 |
Genre | : Mathematics |
ISBN | : 9781482294705 |
Download Handbook of Stochastic Analysis and Applications Book in PDF, Epub and Kindle
An introduction to general theories of stochastic processes and modern martingale theory. The volume focuses on consistency, stability and contractivity under geometric invariance in numerical analysis, and discusses problems related to implementation, simulation, variable step size algorithms, and random number generation.
Operations Research
Author | : Jay E. Aronson,Stanley Zionts |
Publsiher | : IAP |
Total Pages | : 393 |
Release | : 2009-04-01 |
Genre | : Business & Economics |
ISBN | : 9781607529255 |
Download Operations Research Book in PDF, Epub and Kindle
Drawn from a conference honoring Gerald L. Thompson, the pioneer of operations research, this volume brings together some of the latest writings of major figures in the field. The volume is divided into four parts: the first part reviews the career and significance of Thompson, the second concentrates on linear and nonlinear optimization, the third looks at network and integer programming, and the fourth provides examples of applications-oriented research in manufacturing. This volume will be an invaluable resource for all scholars and researchers involved in theory and methodology in operations research and management science.
Mathematics of Stochastic Manufacturing Systems
Author | : George Yin,Qing Zhang |
Publsiher | : American Mathematical Soc. |
Total Pages | : 420 |
Release | : 1997-01-01 |
Genre | : Business & Economics |
ISBN | : 0821897020 |
Download Mathematics of Stochastic Manufacturing Systems Book in PDF, Epub and Kindle
In this volume, leading experts in mathematical manufacturing research and related fields review and update recent advances of mathematics in stochastic manufacturing systems and attempt to bridge the gap between theory and applications. The topics covered include scheduling and production planning, modeling of manufacturing systems, hierarchical control for large and complex systems, Markov chains, queueing networks, numerical methods for system approximations, singular perturbed systems, risk-sensitive control, stochastic optimization methods, discrete event systems, and statistical quality control.
Stochastic Modeling and Analysis of Manufacturing Systems
Author | : David D. Yao |
Publsiher | : Springer Science & Business Media |
Total Pages | : 369 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9781461226703 |
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Manufacturing systems have become increasingly complex over recent years. This volume presents a collection of chapters which reflect the recent developments of probabilistic models and methodologies that have either been motivated by manufacturing systems research or been demonstrated to have significant potential in such research. The editor has invited a number of leading experts to present detailed expositions of specific topics. These include: Jackson networks, fluid models, diffusion and strong approximations, the GSMP framework, stochastic convexity and majorization, perturbation analysis, scheduling via Brownian models, and re-entrant lines and dynamic scheduling. Each chapter has been written with graduate students in mind, and several have been used in graduate courses that teach the modeling and analysis of manufacturing systems.
Optimal Control Theory
Author | : Suresh P. Sethi |
Publsiher | : Springer Nature |
Total Pages | : 520 |
Release | : 2022-01-03 |
Genre | : Business & Economics |
ISBN | : 9783030917456 |
Download Optimal Control Theory Book in PDF, Epub and Kindle
This new 4th edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It introduces students to the concept of the maximum principle in continuous (as well as discrete) time by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of the book is not on mathematical rigor, but on modeling realistic situations encountered in business and economics. It applies optimal control theory to the functional areas of management including finance, production and marketing, as well as the economics of growth and of natural resources. In addition, it features material on stochastic Nash and Stackelberg differential games and an adverse selection model in the principal-agent framework. Exercises are included in each chapter, while the answers to selected exercises help deepen readers’ understanding of the material covered. Also included are appendices of supplementary material on the solution of differential equations, the calculus of variations and its ties to the maximum principle, and special topics including the Kalman filter, certainty equivalence, singular control, a global saddle point theorem, Sethi-Skiba points, and distributed parameter systems. Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as the foundation for the book, in which the author applies it to business management problems developed from his own research and classroom instruction. The new edition has been refined and updated, making it a valuable resource for graduate courses on applied optimal control theory, but also for financial and industrial engineers, economists, and operational researchers interested in applying dynamic optimization in their fields.
Average cost Control of Stochastic Manufacturing Systems
Author | : Suresh P. Sethi,Hanqin Zhang,Qing Zhang |
Publsiher | : Unknown |
Total Pages | : 324 |
Release | : 2005 |
Genre | : Cost accounting |
ISBN | : 6610608385 |
Download Average cost Control of Stochastic Manufacturing Systems Book in PDF, Epub and Kindle
Most manufacturing systems are large, complex, and operate in an environment of uncertainty. It is common practice to manage such systems in a hierarchical fashion. This book articulates a new theory that shows that hierarchical decision making can in fact lead to a near optimization of system goals. The material in the book cuts across disciplines. It will appeal to graduate students and researchers in applied mathematics, operations management, operations research, and system and control theory.