Markovian demand inventory models
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Bibliographic Information
Markovian demand inventory models
（International series in operations research & management science, v. 108）
Springer, c2010
- : hbk
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Includes bibliographical references and index
Description and Table of Contents
Description
This text provides a superbly researched insight into Markovian demand inventory models. The result of ten years of research, this work covers all aspects of demand inventory where they are modeled by Markov processes. Inventory management is concerned with matching supply with demand and is a central problem in Operations Management. The central problem is to find the amount to be produced or purchased in order to maximize the total expected profit, or minimize the total expected cost.
Table of Contents
I INTRODUCTION.- II DISCOUNTED COST MODELS.- Discounted Cost Models with Backorders.- Discount Cost Models with Polynomially Growing Surplus Cost.- Discounted Cost Models with Lost Sales.- III AVERAGE COST MODELS.- Average Cost Models with Backorders.- Average Cost Models with Polynomially Growing Surplus Cost.- Average Cost Models with Lost Sales.- IV MISCELLANEOUS.- Models with Demand Influenced by Promotion.- Vanishing Discount Approach Versus Stationary Distribution Approach.- V CONCLUSIONS AND OPEN RESEARCH PROBLEMS.- Conclusions and Open Research Problems.
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