Stochastic Imperfect Inventory Systems : Inventory and Production Management
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One of the primary questions answered in this book is: What is the optimal production quantity when there is a failure in the production line? To answer the question, the problem is first modelled mathematically, then the concavity or convexity of the objective function is proved and finally the optimal production quantity of the production system is determined using suitable solution methods.
The book is valuable for researchers in operations research and inventory management and professionals working with supply chains.
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