Optimization of Stochastic Models
The Interface Between Simulation and Optimization
Stochastic models are everywhere. In manufacturing, queuing models are used for modeling production processes, realistic inventory models are stochastic in nature. Stochastic models are considered in transportation and communication. Marketing models use stochastic descriptions of the demands and buyer's behaviors. In finance, market prices and exchange rates are assumed to be certain stochastic processes, and insurance claims appear at random times with random amounts. To each decision problem, a cost function is associated. Costs may be direct or indirect, like loss of time, quality deterioration, loss in production or dissatisfaction of c…
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Produktdetails
- ISBN: 978-1-4612-8631-8
- EAN: 9781461286318
- Produktnummer: 29587134
- Verlag: Springer-Verlag New York Inc.
- Sprache: Englisch
- Erscheinungsjahr: 1900
- Seitenangabe: 382 S.
- Auflage: Softcover reprint of the original 1st ed. 1996
- Abbildungen: XIV, 382 p.
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