Optimal Control and Optimization of Stochastic Supply Chain Systems
Title | Optimal Control and Optimization of Stochastic Supply Chain Systems PDF eBook |
Author | Dong-Ping Song |
Publisher | Springer Science & Business Media |
Total Pages | 282 |
Release | 2012-11-29 |
Genre | Technology & Engineering |
ISBN | 1447147243 |
Optimal Control and Optimization of Stochastic Supply Chain Systems examines its subject the context of the presence of a variety of uncertainties. Numerous examples with intuitive illustrations and tables are provided, to demonstrate the structural characteristics of the optimal control policies in various stochastic supply chains and to show how to make use of these characteristics to construct easy-to-operate sub-optimal policies. In Part I, a general introduction to stochastic supply chain systems is provided. Analytical models for various stochastic supply chain systems are formulated and analysed in Part II. In Part III the structural knowledge of the optimal control policies obtained in Part II is utilized to construct easy-to-operate sub-optimal control policies for various stochastic supply chain systems accordingly. Finally, Part IV discusses the optimisation of threshold-type control policies and their robustness. A key feature of the book is its tying together of the complex analytical models produced by the requirements of operational practice, and the simple solutions needed for implementation. The analytical models and theoretical analysis propounded in this monograph will be of benefit to academic researchers and graduate students looking at logistics and supply chain management from standpoints in operations research or industrial, manufacturing, or control engineering. The practical tools and solutions and the qualitative insights into the ideas underlying functional supply chain systems will be of similar use to readers from more industrially-based backgrounds.
Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains
Title | Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains PDF eBook |
Author | J. George Shanthikumar |
Publisher | Springer Science & Business Media |
Total Pages | 413 |
Release | 2012-12-06 |
Genre | Business & Economics |
ISBN | 1461503736 |
This volume originates from two workshops, both focusing on themes that are reflected in the title of the volume. The first workshop took place at Eindhoven University of Technology, April 24-26, 2001, on the occasion of the University granting a doctorate honoris causa to Profes sor John A. Buzacott. The second workshop was held on June 15, 2002 at Cornell University (preceding the annual INFORMSjMSOM Confer ence), honoring John's retirement and his lifetime contributions. Each of the two workshops consisted of about a dozen technical presentations. The objective of the volume, however, is not to simply publish the proceedings of the two workshops. Rather, our objective is to put to gether a select set of articles, each organized into a well-written chapter, focusing on a timely topic. Collected into a single volume, these chapters aim to serve as a useful reference for researchers and practitioners alike, and also as reading materials for graduate courses or seminars.
Optimal Control Theory
Title | Optimal Control Theory PDF eBook |
Author | Suresh P. Sethi |
Publisher | Springer Nature |
Total Pages | 520 |
Release | 2022-01-03 |
Genre | Business & Economics |
ISBN | 3030917452 |
This new 4th edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It introduces students to the concept of the maximum principle in continuous (as well as discrete) time by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of the book is not on mathematical rigor, but on modeling realistic situations encountered in business and economics. It applies optimal control theory to the functional areas of management including finance, production and marketing, as well as the economics of growth and of natural resources. In addition, it features material on stochastic Nash and Stackelberg differential games and an adverse selection model in the principal-agent framework. Exercises are included in each chapter, while the answers to selected exercises help deepen readers’ understanding of the material covered. Also included are appendices of supplementary material on the solution of differential equations, the calculus of variations and its ties to the maximum principle, and special topics including the Kalman filter, certainty equivalence, singular control, a global saddle point theorem, Sethi-Skiba points, and distributed parameter systems. Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as the foundation for the book, in which the author applies it to business management problems developed from his own research and classroom instruction. The new edition has been refined and updated, making it a valuable resource for graduate courses on applied optimal control theory, but also for financial and industrial engineers, economists, and operational researchers interested in applying dynamic optimization in their fields.
Optimization and Control for Systems in the Big-Data Era
Title | Optimization and Control for Systems in the Big-Data Era PDF eBook |
Author | Tsan-Ming Choi |
Publisher | Springer |
Total Pages | 281 |
Release | 2017-05-04 |
Genre | Business & Economics |
ISBN | 3319535188 |
This book focuses on optimal control and systems engineering in the big data era. It examines the scientific innovations in optimization, control and resilience management that can be applied to further success. In both business operations and engineering applications, there are huge amounts of data that can overwhelm computing resources of large-scale systems. This “big data” provides new opportunities to improve decision making and addresses risk for individuals as well in organizations. While utilizing data smartly can enhance decision making, how to use and incorporate data into the decision making framework remains a challenging topic. Ultimately the chapters in this book present new models and frameworks to help overcome this obstacle. Optimization and Control for Systems in the Big-Data Era: Theory and Applications is divided into five parts. Part I offers reviews on optimization and control theories, and Part II examines the optimization and control applications. Part III provides novel insights and new findings in the area of financial optimization analysis. The chapters in Part IV deal with operations analysis, covering flow-shop operations and quick response systems. The book concludes with final remarks and a look to the future of big data related optimization and control problems.
Lean and Green Supply Chain Management
Title | Lean and Green Supply Chain Management PDF eBook |
Author | Turan Paksoy |
Publisher | Springer |
Total Pages | 270 |
Release | 2018-11-11 |
Genre | Business & Economics |
ISBN | 3319975110 |
This book presents the latest developments in optimization and optimal control models; exact, approximate and hybrid methods; and their applications in lean and green supply chains. It examines supply chain network design and modeling, closed loop supply chains, and lean, green, resilient and agile or responsive networks, and also discusses corporate social responsibility and occupational health and safety. It particularly focuses on supply chain management under uncertainty – employing stochastic or nonlinear modeling, simulation based studies and optimization – multi-criteria decision-making and applications of fuzzy set theory, and covers various aspects of supply chain management such as risk management, supplier selection or the design of automated warehouses. Lastly, using experimental applications and practical case studies, it shows the impact of lean and green applications on vehicle/fleet management and operations management.
Optimal Control Theory
Title | Optimal Control Theory PDF eBook |
Author | Suresh P. Sethi |
Publisher | Taylor & Francis US |
Total Pages | 536 |
Release | 2006 |
Genre | Business & Economics |
ISBN | 9780387280929 |
Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as a foundation for the book, which the authors have applied to business management problems developed from their research and classroom instruction. Sethi and Thompson have provided management science and economics communities with a thoroughly revised edition of their classic text on Optimal Control Theory. The new edition has been completely refined with careful attention to the text and graphic material presentation. Chapters cover a range of topics including finance, production and inventory problems, marketing problems, machine maintenance and replacement, problems of optimal consumption of natural resources, and applications of control theory to economics. The book contains new results that were not available when the first edition was published, as well as an expansion of the material on stochastic optimal control theory.
Large Scale Optimization in Supply Chains and Smart Manufacturing
Title | Large Scale Optimization in Supply Chains and Smart Manufacturing PDF eBook |
Author | Jesús M. Velásquez-Bermúdez |
Publisher | Springer Nature |
Total Pages | 282 |
Release | 2019-09-06 |
Genre | Mathematics |
ISBN | 303022788X |
In this book, theory of large scale optimization is introduced with case studies of real-world problems and applications of structured mathematical modeling. The large scale optimization methods are represented by various theories such as Benders’ decomposition, logic-based Benders’ decomposition, Lagrangian relaxation, Dantzig –Wolfe decomposition, multi-tree decomposition, Van Roy’ cross decomposition and parallel decomposition for mathematical programs such as mixed integer nonlinear programming and stochastic programming. Case studies of large scale optimization in supply chain management, smart manufacturing, and Industry 4.0 are investigated with efficient implementation for real-time solutions. The features of case studies cover a wide range of fields including the Internet of things, advanced transportation systems, energy management, supply chain networks, service systems, operations management, risk management, and financial and sales management. Instructors, graduate students, researchers, and practitioners, would benefit from this book finding the applicability of large scale optimization in asynchronous parallel optimization, real-time distributed network, and optimizing the knowledge-based expert system for convex and non-convex problems.