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.
Most manufacturing systems are large, complex, and operate in an environment of uncertainty. It is common practice to manage such systems in a hier...
Modern manufacturing processes have thoroughly incorporated automation and repetitive processing. The use of computer-controlled material handling systems to convey raw materials through the multiple processing stages required to produce a finished product is widely employed in industry world-wide. Central to these systems are robot-served manufacturing cells, or robotic cells. These cells perform a variety of functions including arc welding, material handling, electroplating, textiles creation, and machining. In addition, they are used in many different industries, including...
Modern manufacturing processes have thoroughly incorporated automation and repetitive processing. The use of computer-controlled material handling ...
Inventory management is concerned with matching supply with demand and a central problem in Operations Management. The 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. Over the past two decades, several variations of the formula appeared, mostly in trade journals written by and for inventory managers. A critical assumption in the inventory literature is that the demands in different periods are independent and identically distributed. However, in real life, demands may depend on environmental...
Inventory management is concerned with matching supply with demand and a central problem in Operations Management. The problem is to find the amoun...
Multinational Corporations and the Impact of Public Advocacy onCorporate Strategy: Nestle and the Infant Formula Controversy presents an in-depth analysis of the infant formula controversy and the resulting international boycott of Nestle products launched by various social activist groups and church organizations. The actions of those groups culminated in the passage of the first international marketing code under the auspices of the World Health Organization. Based on exhaustive and unique research, the book details the Nestle case and uses it to analyze a number of...
Multinational Corporations and the Impact of Public Advocacy onCorporate Strategy: Nestle and the Infant Formula Controversy presen...
This book presents papers on continuous-time consumption investment models by Suresh Sethi and various co-authors. Sir Isaac Newton said that he saw so far because he stood on the shoulders of gi ants. Giants upon whose shoulders Professor Sethi and colleagues stand are Robert Merton, particularly Merton's (1969, 1971, 1973) seminal papers, and Paul Samuelson, particularly Samuelson (1969). Karatzas, Lehoczky, Sethi and Shreve (1986), henceforth KLSS, re produced here as Chapter 2, reexamine the model proposed by Mer ton. KLSS use methods of modern mathematical analysis, taking care to prove...
This book presents papers on continuous-time consumption investment models by Suresh Sethi and various co-authors. Sir Isaac Newton said that he saw s...
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...
One of the most important methods in dealing with the optimization of large, complex systems is that of hierarchical decomposition. The idea is to red...
Inventory and Supply Chain Management with Forecast Updates is concerned with the problems of inventory and supply chain decision making with information updating over time. The models considered include inventory decisions with multiple sources and delivery modes, supply-contract design and evaluation, contracts with exercise price, volume-flexible contracts allowing for spot-market purchase decisions, and competitive supply chains. Real problems are formulated into tractable mathematical models, which allow for an analysis of various approaches, and provide insights for...
Inventory and Supply Chain Management with Forecast Updates is concerned with the problems of inventory and supply chain decision ...
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.
Most manufacturing systems are large, complex, and operate in an environment of uncertainty. It is common practice to manage such systems in a hier...
Modern manufacturing processes have thoroughly incorporated automation and repetitive processing. The use of computer-controlled material handling systems to convey raw materials through the multiple processing stages required to produce a finished product is widely employed in industry world-wide. Central to these systems are robot-served manufacturing cells, or robotic cells. These cells perform a variety of functions including arc welding, material handling, electroplating, textiles creation, and machining. In addition, they are used in many different industries, including...
Modern manufacturing processes have thoroughly incorporated automation and repetitive processing. The use of computer-controlled material handling ...
Inventory and Supply Chain Management with Forecast Updates is concerned with the problems of inventory and supply chain decision making with information updating over time. The models considered include inventory decisions with multiple sources and delivery modes, supply-contract design and evaluation, contracts with exercise price, volume-flexible contracts allowing for spot-market purchase decisions, and competitive supply chains. Real problems are formulated into tractable mathematical models, which allow for an analysis of various approaches, and provide insights for...
Inventory and Supply Chain Management with Forecast Updates is concerned with the problems of inventory and supply chain decision ...
