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Markovian Demand Inventory Models
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Markovian Demand Inventory Models

2010 ed.

Book Details

Format Hardback or Cased Book
ISBN-10 0387716033
ISBN-13 9780387716039
Edition 2010 ed.
Publisher Springer-Verlag New York Inc.
Imprint Springer-Verlag New York Inc.
Country of Manufacture US
Country of Publication GB
Publication Date Oct 16th, 2009
Print length 255 Pages
Ksh 19,800.00
Werezi Extended Catalogue 0 in stock

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Moreover, these events are represented by stochastic processes - exogenous or controlled.In Markovian Demand Inventory Models, the authors are concerned with inventory models where these world events are modeled by Markov processes.

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.


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