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The Stochastic Economic Lot Scheduling Problem: Heavy Traffic Analysis of Dynamic Cyclic Policies (Classic Reprint) - Softcover
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We analyze two variants of the scheduling problem. In the setup cost problem, a cost is incurred when the machine switches production from one product to another; in the setup time problem, a random setup time is incurred when the server switches product. We restrict ourselves to the class of dynamic cyclic policies, where each product is serviced once per cycle and the order of production does not change. Thus, the server has three scheduling options at each point in time: Produce a unit of the product that is currently set up, change over to the next product in the cycle (and initiate service in the setup cost problem), or remain idle. Each product has its own costs per unit time for holding and backordering a unit in inventory. The objective in the setup time problem is to minimize the long run expected average inventory costs (that is, holding and backorder costs); the objective in the setup cost problem is to minimize the average inventory and setup costs.
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The Stochastic Economic Lot Scheduling Problem (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book delves into the complex world of stochastic economic lot scheduling problems, a crucial aspect of manufacturing and inventory management. The author extends existing knowledge by examining two specific variants of the problem: setup costs and setup times, and their impact on scheduling. The book is groundbreaking in its use of diffusion control problems to approximate the setup cost problem, allowing for an exact solution. For the setup time problem, the author develops structural results and an algorithmic procedure to optimize the scheduling policy. The significance of this book lies in its provision of a deeper understanding of the stochastic economic lot scheduling problem, offering valuable insights for researchers, practitioners, and students in the fields of operations research, supply chain management, and manufacturing. The book's findings serve as a valuable contribution to the optimization of dynamic scheduling policies in real-world production and inventory systems. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781332283088_0
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The Stochastic Economic Lot Scheduling Problem Heavy Traffic Analysis of Dynamic Cyclic Policies Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781332283088
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The Stochastic Economic Lot Scheduling Problem Heavy Traffic Analysis of Dynamic Cyclic Policies Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781332283088
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