Overview

Decision Criteria and Optimal Inventory Processes provides a theoretical and practical introduction to decision criteria and inventory processes. Inventory theory is presented by focusing on the analysis and processes underlying decision criteria. Included are many state-of-the-art criterion models as background material. These models are extended to the authors' newly developed fuzzy criterion models which constitute a general framework for the study of stochastic inventory models with special focus on the real world inventory theoretic reservoir operations problems. The applications of fuzzy criterion dynamic programming models are illustrated by reservoir operations including the integrated network of reservoir operation and the open inventory network problems. An interesting feature of this book is the special attention it pays to the analysis of some theoretical and applied aspects of fuzzy criteria and dynamic fuzzy criterion models, thus opening up a new way of injecting the much-needed type of non-cost, intuitive, and easy-to-use methods into multi-stage inventory processes. This is accomplished by constructing and optimizing the fuzzy criterion models developed for inventory processes. Practitioners in operations research, management science, and engineering will find numerous new ideas and strategies for modeling real world multi- stage inventory problems, and researchers and applied mathematicians will find this work a stimulating and useful reference.

Full Product Details

Author:   Baoding Liu ,  Augustine O. Esogbue
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of the original 1st ed. 1999
Volume:   20
Dimensions:   Width: 15.50cm , Height: 1.20cm , Length: 23.50cm
Weight:   0.355kg
ISBN:  

9781461373452

ISBN 10:   146137345
Pages:   210
Publication Date:   08 October 2012
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1 Introduction.- 1.1 Inventory Examples.- 1.2 Characteristics of Inventory Problems.- 1.3 Classification of Inventory Problems.- 1.4 Inventory Systems.- 1.5 Determination of Inventory Cost Parameters.- 1.6 Types of Decision Problem Situations.- 1.7 Decision Oriented Processes.- 1.8 Discrete Dynamic Programming (DDP).- 1.9 Stochastic Multistage Decision Processes.- 1.10 Decision Criteria in Inventory Systems.- 1.11 Balance Between Information and Decision.- 1.12 Unimodality and Strong Unimodality.- 2 Economic Criterion Models.- 2.1 Deterministic Inventory Models.- 2.2 Deterministic Inventory Models With Back logging.- 2.3 Stochastic Inventory Models.- 2.4 Critical Number Policy.- 2.5 Convex Ordering Cost.- 2.6 K-convex Functions.- 2.7 (s, S) Inventory Policy.- 2.8 Quantity Discount.- 2.9 Time Lag in Supply.- 3 Multidimensional Economic Criterion Models.- 3.1 Multicommodity Inventory Systems.- 3.2 Multivariable K-convex Functions.- 3.3 (?, S) Inventory Policy.- 3.4 Multilocation Inventory Systems.- 3.5 Decomposition of Multidimensional Problem.- 4 Bayesian Solutions of Economic Criterion Models.- 4.1 Bayesian Updating Process.- 4.2 Inventory Models.- 4.3 Optimal Inventory Policy.- 4.4 Conditions of Dimensional Reduction.- 5 Minimax Solutions of Economic Criterion Models.- 5.1 Game Problem with Economic Criterion.- 5.2 Maximizing Distributions.- 5.3 Minimax Solutions.- 5.4 Discussion.- 6 Probability Criterion Models.- 6.1 Basic Model.- 6.2 Time Lag in Supply.- 6.3 Bounded Emergency Order.- 6.4 Nonstationary Inventory Model.- 6.5 Batch Ordering.- 7 Multistage Game with Probability Criterion.- 7.1 Game Model.- 7.2 Minimizing Distributions.- 7.3 Maximin Solutions.- 8 Fuzzy Criterion Decision Processes.- 8.1 Fuzzy Criterion Sets and Fuzzy Criterion Functions.- 8.2 FuzzyCriterion Models.- 8.3 Basic Theorem.- 8.4 Infinite Horizon Problem.- 8.5 Stability Theorem.- 8.6 Bounded Critical Number Policy.- 8.7 Time Lag in Control.- 8.8 Inventory Control.- 8.9 Reservoir Operations.- 9 Multidimensional Fuzzy Criterion Dynamic Programming.- 9.1 Open Inventory Networks.- 9.2 Multidimensional Fuzzy Criterion Models.- 9.3 Basic Theorem.- 9.4 Existence and Uniqueness Theorem.- 9.5 Stability Theorem.- 9.6 (?, S) Control Policy.- 9.7 Decomposition of the Multidimensional Problem.- 9.8 Multi-Reservoir Joint Operations.- 10 Further Research and Extensions.- 10.1 Constructing Fuzzy Criterion Functions.- 10.2 Adaptive Fuzzy Criterion Models.- 10.3 Fuzzy Criterion Game Models.- 10.4 Some Computational Issues.- 10.5 Additional Applications.- A.l Compact and Convex Sets.- A.2 Continuous and Convex Functions.- A.3 Convergence of Sequence.- A.4 Borel Functions and Optimization.

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