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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