Most manufacturing systems are large, complex, and operate in an
environment of uncertainty. It is common practice to manage such
systems in a hierarchical fashion. This book articulates a new
theory that shows that hierarchical decision making can in fact
lead to a near optimization of system goals. The material in the
book cuts across disciplines. It will appeal to graduate students
and researchers in applied mathematics, operations management,
operations research, and system and control theory.
General
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