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Optimal Control and Optimization of Stochastic Supply Chain Systems (Hardcover, 2013 ed.)
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Optimal Control and Optimization of Stochastic Supply Chain Systems (Hardcover, 2013 ed.)
Series: Advances in Industrial Control
Expected to ship within 12 - 17 working days
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Optimal Control and Optimization of Stochastic Supply Chain Systems
examines its subject the context of the presence of a variety of
uncertainties. Numerous examples with intuitive illustrations and
tables are provided, to demonstrate the structural characteristics
of the optimal control policies in various stochastic supply chains
and to show how to make use of these characteristics to construct
easy-to-operate sub-optimal policies. In Part I, a general
introduction to stochastic supply chain systems is provided.
Analytical models for various stochastic supply chain systems are
formulated and analysed in Part II. In Part III the structural
knowledge of the optimal control policies obtained in Part II is
utilized to construct easy-to-operate sub-optimal control policies
for various stochastic supply chain systems accordingly. Finally,
Part IV discusses the optimisation of threshold-type control
policies and their robustness. A key feature of the book is its
tying together of the complex analytical models produced by the
requirements of operational practice, and the simple solutions
needed for implementation. The analytical models and theoretical
analysis propounded in this monograph will be of benefit to
academic researchers and graduate students looking at logistics and
supply chain management from standpoints in operations research or
industrial, manufacturing, or control engineering. The practical
tools and solutions and the qualitative insights into the ideas
underlying functional supply chain systems will be of similar use
to readers from more industrially-based backgrounds.
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