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    3. Average-Cost Control of Stochastic Manufacturing Systems

    Average-Cost Control of Stochastic Manufacturing Systems

    Posted By: AvaxGenius
    Date: 13 Jun 2025 13:13:22
    Average-Cost Control of Stochastic Manufacturing Systems

    Average-Cost Control of Stochastic Manufacturing Systems by Suresh P. Sethi , Hanqin Zhang , Qing Zhang
    English | PDF (True) | 2005 | 323 Pages | ISBN : 0387219471 | 2.4 MB

    Most manufacturing systems are large, complex, and operate in an environment of uncertainty. It is common practice to manage such systems in a hierarchical fashion. This book articulates a new theory that shows that hierarchical decision making can in fact lead to a near optimization of system goals. The material in the book cuts across disciplines. It will appeal to graduate students and researchers in applied mathematics, operations management, operations research, and system and control theory.
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