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Average-Cost Control of Stochastic Manufacturing Systems

This book is concerned with hierarchical control of manufacturing systems under uncertainty. It focuses on system performance measured in long-run average cost criteria, exploring the relationship between control problems with a discounted cost and that with a long-run average cost in connection wit...

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Bibliographic Details
Main Authors: Sethi, Suresh P., Zhang, Han-Qin (Author), Zhang, Qing (Author)
Format: eBook
Language:English
Published: New York, NY Springer New York 2005, 2005
Edition:1st ed. 2005
Series:Stochastic Modelling and Applied Probability
Subjects:
Leadership
Operations Management
Operations Research
Production Management
Strategic Planning
Control Theory
Probability Theory
Systems Theory, Control
System Theory
Business Strategy And Leadership
Applications Of Mathematics
Mathematics
Operations Research And Decision Theory
Probabilities
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Description
Summary:This book is concerned with hierarchical control of manufacturing systems under uncertainty. It focuses on system performance measured in long-run average cost criteria, exploring the relationship between control problems with a discounted cost and that with a long-run average cost in connection with hierarchical control. A new theory is articulated that shows that hierarchical decision making in the context of a goal-seeking manufacturing system can lead to a near optimization of its objective. The approach in the book considers manufacturing systems in which events occur at different time scales.
Physical Description:XVI, 324 p online resource
ISBN:9780387276151

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