Decision Criteria And Optimal Inventory Processes

Decision Criteria and Optimal Inventory Processes provides a theoretical andpractical introduction to decision criteria and inventory processes. Inventorytheory... » 

Decision Criteria and Optimal Inventory Processes provides a theoretical andpractical introduction to decision criteria and inventory processes. Inventorytheory is presented by focusing on the analysis and processes underlyingdecision criteria. Included are many stateoftheart criterion models asbackground material. These models are extended to the authors newly developedfuzzy criterion models which constitute a general framework for the study ofstochastic inventory models with special focus on the real world inventorytheoretic reservoir operations problems. The applications of fuzzy criteriondynamic programming models are illustrated by reservoir operations includingthe integrated network of reservoir operation and the open inventory networkproblems. An interesting feature of this book is the special attention it paysto the analysis of some theoretical and applied aspects of fuzzy criteria anddynamic fuzzy criterion models thus opening up a new way of injecting themuchneeded type of noncost intuitive and easytouse methods into multistage inventory processes. This is accomplished by constructing and optimizingthe fuzzy criterion models developed for inventory processes. Practitioners inoperations research management science and engineering will find numerous newideas and strategies for modeling real world multi stage inventory problemsand researchers and applied mathematicians will find this work a stimulatingand useful reference. «