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Hardcover Markovian Demand Inventory Models Book

ISBN: 0387716033

ISBN13: 9780387716039

Markovian Demand Inventory Models

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Format: Hardcover

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Book Overview

Inventory management is concerned with matching supply with demand and a central problem in Operations Management. The problem is to find the amount to be produced or purchased in order to maximize the total expected profit or minimize the total expected cost. Over the past two decades, several variations of the formula appeared, mostly in trade journals written by and for inventory managers. A critical assumption in the inventory literature is...

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