Markovian Demand Inventory Models

"This book contains the most complete, rigorous mathematical treatment of the classical dynamic inventory model with stochastics demands that I am aware of. Emphasis is placed on a demand structure governed by a discrete time Markov chain. The state of the Markov chain determines the demand dis...

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Bibliographic Details
Main Authors: Beyer, Dirk. (Author, http://id.loc.gov/vocabulary/relators/aut), Cheng, Feng. (http://id.loc.gov/vocabulary/relators/aut), Sethi, Suresh P. (http://id.loc.gov/vocabulary/relators/aut), Taksar, Michael. (http://id.loc.gov/vocabulary/relators/aut)
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:English
Published: New York, NY : Springer US : Imprint: Springer, 2010.
Edition:1st ed. 2010.
Series:International Series in Operations Research & Management Science, 108
Subjects:
Online Access:https://doi.org/10.1007/978-0-387-71604-6
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Table of Contents:
  • I INTRODUCTION
  • II DISCOUNTED COST MODELS
  • Discounted Cost Models with Backorders
  • Discount Cost Models with Polynomially Growing Surplus Cost
  • Discounted Cost Models with Lost Sales
  • III AVERAGE COST MODELS
  • Average Cost Models with Backorders
  • Average Cost Models with Polynomially Growing Surplus Cost
  • Average Cost Models with Lost Sales
  • IV MISCELLANEOUS
  • Models with Demand Influenced by Promotion
  • Vanishing Discount Approach Versus Stationary Distribution Approach
  • V CONCLUSIONS AND OPEN RESEARCH PROBLEMS
  • Conclusions and Open Research Problems.