Advances In Stochastic Dynamic Programming For Operations Management

Author : Frank Schneider
Publisher : Logos Verlag Berlin GmbH
Page : 172 pages
File Size : 44,9 Mb
Release : 2014
Category : Business & Economics
ISBN : 9783832536336

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Advances in Stochastic Dynamic Programming for Operations Management by Frank Schneider Pdf

Many tasks in operations management require the solution of complex optimization problems. Problems in which decisions are taken sequentially over time can be modeled and solved by dynamic programming. Real-world dynamic programming problems, however, exhibit complexity that cannot be handled by conventional solution techniques. This complexity may stem from large state and solution spaces, huge sets of possible actions, non-convexities in the objective function, and uncertainty. In this book, three highly complex real-world problems from the domain of operations management are modeled and solved by newly developed solution techniques based on stochastic dynamic programming. First, the problem of optimally scheduling participating demand units in an energy transmission network is considered. These units are scheduled such that total cost of supplying demand for electric energy is minimized under uncertainty in demand and generation. Second, the integrated problem of investment in and optimal operations of a network of battery swap stations under uncertain demand and energy prices is modeled and solved. Third, the inventory control problem of a multi-channel retailer selling through independent sales channels is modeled and optimality conditions for replenishment policies of simple structure are proven. This book introduces efficient approximation techniques based on approximate dynamic programming (ADP) and extends existing proximal point algorithms to the stochastic case. The methods are applicable to a wide variety of dynamic programming problems of high dimension.

Author : David L. Woodruff
Publisher : Springer Science & Business Media
Page : 315 pages
File Size : 40,5 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9781475728071

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Advances in Computational and Stochastic Optimization, Logic Programming, and Heuristic Search by David L. Woodruff Pdf

Computer Science and Operations Research continue to have a synergistic relationship and this book - as a part of the Operations Research and Computer Science Interface Series - sits squarely in the center of the confluence of these two technical research communities. The research presented in the volume is evidence of the expanding frontiers of these two intersecting disciplines and provides researchers and practitioners with new work in the areas of logic programming, stochastic optimization, heuristic search and post-solution analysis for integer programs. The chapter topics span the spectrum of application level. Some of the chapters are highly applied and others represent work in which the application potential is only beginning. In addition, each chapter contains expository material and reviews of the literature designed to enhance the participation of the reader in this expanding interface.

Author : Linn I. Sennott
Publisher : John Wiley & Sons
Page : 360 pages
File Size : 54,5 Mb
Release : 1998-09-30
Category : Mathematics
ISBN : 0471161209

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Stochastic Dynamic Programming and the Control of Queueing Systems by Linn I. Sennott Pdf

Eine Zusammenstellung der Grundlagen der stochastischen dynamischen Programmierung (auch als Markov-Entscheidungsprozeß oder Markov-Ketten bekannt), deren Schwerpunkt auf der Anwendung der Queueing-Theorie liegt. Theoretische und programmtechnische Aspekte werden sinnvoll verknüpft; insgesamt neun numerische Programme zur Queueing-Steuerung werden im Text ausführlich diskutiert. Ergänzendes Material kann vom zugehörigen ftp-Server abgerufen werden. (12/98)

Author : Linn I. Sennott
Publisher : John Wiley & Sons
Page : 355 pages
File Size : 44,7 Mb
Release : 2009-09-25
Category : Mathematics
ISBN : 9780470317877

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Stochastic Dynamic Programming and the Control of Queueing Systems by Linn I. Sennott Pdf

A path-breaking account of Markov decision processes-theory and computation This book's clear presentation of theory, numerous chapter-end problems, and development of a unified method for the computation of optimal policies in both discrete and continuous time make it an excellent course text for graduate students and advanced undergraduates. Its comprehensive coverage of important recent advances in stochastic dynamic programming makes it a valuable working resource for operations research professionals, management scientists, engineers, and others. Stochastic Dynamic Programming and the Control of Queueing Systems presents the theory of optimization under the finite horizon, infinite horizon discounted, and average cost criteria. It then shows how optimal rules of operation (policies) for each criterion may be numerically determined. A great wealth of examples from the application area of the control of queueing systems is presented. Nine numerical programs for the computation of optimal policies are fully explicated. The Pascal source code for the programs is available for viewing and downloading on the Wiley Web site at www.wiley.com/products/subject/mathematics. The site contains a link to the author's own Web site and is also a place where readers may discuss developments on the programs or other aspects of the material. The source files are also available via ftp at ftp://ftp.wiley.com/public/sci_tech_med/stochastic Stochastic Dynamic Programming and the Control of Queueing Systems features: * Path-breaking advances in Markov decision process techniques, brought together for the first time in book form * A theorem/proof format (proofs may be omitted without loss of continuity) * Development of a unified method for the computation of optimal rules of system operation * Numerous examples drawn mainly from the control of queueing systems * Detailed discussions of nine numerical programs * Helpful chapter-end problems * Appendices with complete treatment of background material

Author : Chintalacheruvu Madhusudana Rao,K. C. Patra,D. Jhajharia,Sangeeta Kumari
Publisher : Springer Nature
Page : 772 pages
File Size : 50,9 Mb
Release : 2021-11-16
Category : Science
ISBN : 9789811646294

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Advanced Modelling and Innovations in Water Resources Engineering by Chintalacheruvu Madhusudana Rao,K. C. Patra,D. Jhajharia,Sangeeta Kumari Pdf

This book presents select proceedings of the national conference on Advanced Modelling and Innovations in Water Resources Engineering (AMIWRE 2021) and examines numerous advancements in the field of water resources engineering and management towards sustainable development of environment. The topics covered includes river basin planning and development, reservoir planning and management, integrated water management, reservoir sedimentation, soil erosion and sedimentation, agricultural technologies for climate change mitigation, uncertainty analysis in hydrology, water distribution networks, floods and droughts management, water quality modelling, environmental modelling, environmental impact assessment, urban water management, open channel hydraulics, hydraulic structures, groundwater hydraulics, groundwater flow and contaminant transport modelling, computational fluid dynamics, ocean engineering, HEC-RAC, SWAT, MIKE, MODFLOW models applications, numerical analysis in water resources engineering, climate change impacts on hydrology, optimization techniques in water resources, soft computing techniques and applications in water resources and remote sensing / geospatial techniques in water resources. This book will be beneficial for water sectors development mainly agricultural production, reservoir operations, improvement of water quality, flood and drought controls, designing hydraulic structures and geospatial analysis. This book will be a valuable reference for faculties, research scholars, students, design engineers, industrialists, R & D personnel and practitioners working in water resources engineering and its related fields.

Author : A. Kaufmann,R. Cruon
Publisher : Academic Press
Page : 297 pages
File Size : 47,6 Mb
Release : 2011-10-14
Category : Computers
ISBN : 9780080955445

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Dynamic Programming by A. Kaufmann,R. Cruon Pdf

This work discusses the value of dynamic programming as a method of optimization for the sequential phenomena encountered in economic studies or in advanced technological programs such as those associated with space flights. The dynamic programs which are considered are defined for a deterministic universe, or one with probabilities; both categories are of equal importance in the practice of operations research or of scientific management.

Author : Gerd Infanger
Publisher : Springer Science & Business Media
Page : 373 pages
File Size : 51,6 Mb
Release : 2010-11-10
Category : Mathematics
ISBN : 9781441916426

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Stochastic Programming by Gerd Infanger Pdf

From the Preface... The preparation of this book started in 2004, when George B. Dantzig and I, following a long-standing invitation by Fred Hillier to contribute a volume to his International Series in Operations Research and Management Science, decided finally to go ahead with editing a volume on stochastic programming. The field of stochastic programming (also referred to as optimization under uncertainty or planning under uncertainty) had advanced significantly in the last two decades, both theoretically and in practice. George Dantzig and I felt that it would be valuable to showcase some of these advances and to present what one might call the state-of- the-art of the field to a broader audience. We invited researchers whom we considered to be leading experts in various specialties of the field, including a few representatives of promising developments in the making, to write a chapter for the volume. Unfortunately, to the great loss of all of us, George Dantzig passed away on May 13, 2005. Encouraged by many colleagues, I decided to continue with the book and edit it as a volume dedicated to George Dantzig. Management Science published in 2005 a special volume featuring the “Ten most Influential Papers of the first 50 Years of Management Science.” George Dantzig’s original 1955 stochastic programming paper, “Linear Programming under Uncertainty,” was featured among these ten. Hearing about this, George Dantzig suggested that his 1955 paper be the first chapter of this book. The vision expressed in that paper gives an important scientific and historical perspective to the book. Gerd Infanger

Author : Rafael Caballero,Francisco Ruiz,Ralph E. Steuer
Publisher : Springer Science & Business Media
Page : 396 pages
File Size : 45,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642468544

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Advances in Multiple Objective and Goal Programming by Rafael Caballero,Francisco Ruiz,Ralph E. Steuer Pdf

Within the field of multiple criteria decision making, this volume covers the latest advances in multiple objective and goal programming as presented at the 2nd International Conference on Multi-Objective Programming and Goal Programming, Torremolinos, Spain, May 16 - 18, 1996. The book is an undispensable source of the latest research results, presented by the leading experts of the field.

Author : Trivedi, Shrawan Kumar,Dey, Shubhamoy,Kumar, Anil,Panda, Tapan Kumar
Publisher : IGI Global
Page : 438 pages
File Size : 52,6 Mb
Release : 2017-02-14
Category : Computers
ISBN : 9781522520320

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Handbook of Research on Advanced Data Mining Techniques and Applications for Business Intelligence by Trivedi, Shrawan Kumar,Dey, Shubhamoy,Kumar, Anil,Panda, Tapan Kumar Pdf

The development of business intelligence has enhanced the visualization of data to inform and facilitate business management and strategizing. By implementing effective data-driven techniques, this allows for advance reporting tools to cater to company-specific issues and challenges. The Handbook of Research on Advanced Data Mining Techniques and Applications for Business Intelligence is a key resource on the latest advancements in business applications and the use of mining software solutions to achieve optimal decision-making and risk management results. Highlighting innovative studies on data warehousing, business activity monitoring, and text mining, this publication is an ideal reference source for research scholars, management faculty, and practitioners.

Author : Philippe Gourbesville,Jean Cunge,Guy Caignaert
Publisher : Springer
Page : 1231 pages
File Size : 49,6 Mb
Release : 2018-02-26
Category : Science
ISBN : 9789811072185

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Advances in Hydroinformatics by Philippe Gourbesville,Jean Cunge,Guy Caignaert Pdf

This book gathers a collection of extended papers based on presentations given during the SimHydro 2017 conference, held in Sophia Antipolis, Nice, France on June 14–16, 2017. It focuses on how to choose the right model in applied hydraulics and considers various aspects, including the modeling and simulation of fast hydraulic transients, 3D modeling, uncertainties and multiphase flows. The book explores both limitations and performance of current models and presents the latest developments in new numerical schemes, high-performance computing, multiphysics and multiscale methods, and better interaction with field or scale model data. It gathers the lastest theoretical and innovative developments in the modeling field and presents some of the most advance applications on various water related topics like uncertainties, flood simulation and complex hydraulic applications. Given its breadth of coverage, it addresses the needs and interests of practitioners, stakeholders, researchers and engineers alike.

Author : Horand Gassmann,W. T. Ziemba
Publisher : World Scientific
Page : 549 pages
File Size : 48,5 Mb
Release : 2013
Category : Business & Economics
ISBN : 9789814407502

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Stochastic Programming by Horand Gassmann,W. T. Ziemba Pdf

This book shows the breadth and depth of stochastic programming applications. All the papers presented here involve optimization over the scenarios that represent possible future outcomes of the uncertainty problems. The applications, which were presented at the 12th International Conference on Stochastic Programming held in Halifax, Nova Scotia in August 2010, span the rich field of uses of these models. The finance papers discuss such diverse problems as longevity risk management of individual investors, personal financial planning, intertemporal surplus management, asset management with benchmarks, dynamic portfolio management, fixed income immunization and racetrack betting. The production and logistics papers discuss natural gas infrastructure design, farming Atlantic salmon, prevention of nuclear smuggling and sawmill planning. The energy papers involve electricity production planning, hydroelectric reservoir operations and power generation planning for liquid natural gas plants. Finally, two telecommunication papers discuss mobile network design and frequency assignment problems.

Author : Warren B. Powell
Publisher : John Wiley & Sons
Page : 487 pages
File Size : 52,8 Mb
Release : 2007-10-05
Category : Mathematics
ISBN : 9780470182956

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Approximate Dynamic Programming by Warren B. Powell Pdf

A complete and accessible introduction to the real-world applications of approximate dynamic programming With the growing levels of sophistication in modern-day operations, it is vital for practitioners to understand how to approach, model, and solve complex industrial problems. Approximate Dynamic Programming is a result of the author's decades of experience working in large industrial settings to develop practical and high-quality solutions to problems that involve making decisions in the presence of uncertainty. This groundbreaking book uniquely integrates four distinct disciplines—Markov design processes, mathematical programming, simulation, and statistics—to demonstrate how to successfully model and solve a wide range of real-life problems using the techniques of approximate dynamic programming (ADP). The reader is introduced to the three curses of dimensionality that impact complex problems and is also shown how the post-decision state variable allows for the use of classical algorithmic strategies from operations research to treat complex stochastic optimization problems. Designed as an introduction and assuming no prior training in dynamic programming of any form, Approximate Dynamic Programming contains dozens of algorithms that are intended to serve as a starting point in the design of practical solutions for real problems. The book provides detailed coverage of implementation challenges including: modeling complex sequential decision processes under uncertainty, identifying robust policies, designing and estimating value function approximations, choosing effective stepsize rules, and resolving convergence issues. With a focus on modeling and algorithms in conjunction with the language of mainstream operations research, artificial intelligence, and control theory, Approximate Dynamic Programming: Models complex, high-dimensional problems in a natural and practical way, which draws on years of industrial projects Introduces and emphasizes the power of estimating a value function around the post-decision state, allowing solution algorithms to be broken down into three fundamental steps: classical simulation, classical optimization, and classical statistics Presents a thorough discussion of recursive estimation, including fundamental theory and a number of issues that arise in the development of practical algorithms Offers a variety of methods for approximating dynamic programs that have appeared in previous literature, but that have never been presented in the coherent format of a book Motivated by examples from modern-day operations research, Approximate Dynamic Programming is an accessible introduction to dynamic modeling and is also a valuable guide for the development of high-quality solutions to problems that exist in operations research and engineering. The clear and precise presentation of the material makes this an appropriate text for advanced undergraduate and beginning graduate courses, while also serving as a reference for researchers and practitioners. A companion Web site is available for readers, which includes additional exercises, solutions to exercises, and data sets to reinforce the book's main concepts.

Author : Gerd Infanger
Publisher : Springer
Page : 362 pages
File Size : 54,5 Mb
Release : 2011-04-07
Category : Mathematics
ISBN : 1441916555

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Stochastic Programming by Gerd Infanger Pdf

From the Preface... The preparation of this book started in 2004, when George B. Dantzig and I, following a long-standing invitation by Fred Hillier to contribute a volume to his International Series in Operations Research and Management Science, decided finally to go ahead with editing a volume on stochastic programming. The field of stochastic programming (also referred to as optimization under uncertainty or planning under uncertainty) had advanced significantly in the last two decades, both theoretically and in practice. George Dantzig and I felt that it would be valuable to showcase some of these advances and to present what one might call the state-of- the-art of the field to a broader audience. We invited researchers whom we considered to be leading experts in various specialties of the field, including a few representatives of promising developments in the making, to write a chapter for the volume. Unfortunately, to the great loss of all of us, George Dantzig passed away on May 13, 2005. Encouraged by many colleagues, I decided to continue with the book and edit it as a volume dedicated to George Dantzig. Management Science published in 2005 a special volume featuring the “Ten most Influential Papers of the first 50 Years of Management Science.” George Dantzig’s original 1955 stochastic programming paper, “Linear Programming under Uncertainty,” was featured among these ten. Hearing about this, George Dantzig suggested that his 1955 paper be the first chapter of this book. The vision expressed in that paper gives an important scientific and historical perspective to the book. Gerd Infanger

Author : András Prékopa
Publisher : Unknown
Page : 514 pages
File Size : 42,9 Mb
Release : 1976
Category : Operations research
ISBN : WISC:89034004887

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Progress in Operations Research by András Prékopa Pdf

Author : Gavriel Salvendy
Publisher : John Wiley & Sons
Page : 2846 pages
File Size : 50,5 Mb
Release : 2001-05-25
Category : Business & Economics
ISBN : 0471330574

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Handbook of Industrial Engineering by Gavriel Salvendy Pdf

Unrivaled coverage of a broad spectrum of industrial engineering concepts and applications The Handbook of Industrial Engineering, Third Edition contains a vast array of timely and useful methodologies for achieving increased productivity, quality, and competitiveness and improving the quality of working life in manufacturing and service industries. This astoundingly comprehensive resource also provides a cohesive structure to the discipline of industrial engineering with four major classifications: technology; performance improvement management; management, planning, and design control; and decision-making methods. Completely updated and expanded to reflect nearly a decade of important developments in the field, this Third Edition features a wealth of new information on project management, supply-chain management and logistics, and systems related to service industries. Other important features of this essential reference include: * More than 1,000 helpful tables, graphs, figures, and formulas * Step-by-step descriptions of hundreds of problem-solving methodologies * Hundreds of clear, easy-to-follow application examples * Contributions from 176 accomplished international professionals with diverse training and affiliations * More than 4,000 citations for further reading The Handbook of Industrial Engineering, Third Edition is an immensely useful one-stop resource for industrial engineers and technical support personnel in corporations of any size; continuous process and discrete part manufacturing industries; and all types of service industries, from healthcare to hospitality, from retailing to finance. Of related interest . . . HANDBOOK OF HUMAN FACTORS AND ERGONOMICS, Second Edition Edited by Gavriel Salvendy (0-471-11690-4) 2,165 pages 60 chapters "A comprehensive guide that contains practical knowledge and technical background on virtually all aspects of physical, cognitive, and social ergonomics. As such, it can be a valuable source of information for any individual or organization committed to providing competitive, high-quality products and safe, productive work environments."-John F. Smith Jr., Chairman of the Board, Chief Executive Officer and President, General Motors Corporation (From the Foreword)