International Series in Operations Research & Management Science

Markovian Demand Inventory Models

Authors: Beyer, D., Cheng, F., Sethi, S.P., Taksar, M.

  • Only book coverage of this important area of research
  • Suresh Sethi is the most renowned researcher in the field
  • Appropriate for researchers, practitioners, and Ph.D. students
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Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-0-387-71604-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-0-387-71603-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $159.00
price for USA
  • ISBN 978-1-4614-2466-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

"This book contains the most complete, rigorous mathematical treatment of the classical dynamic inventory model with stochastics demands that I am aware of. Emphasis is placed on a demand structure governed by a discrete time Markov chain. The state of the Markov chain determines the demand distribution for the period in question. Under this more general demand structure, (s,S) ordering policies are still shown to be optimal. The mathematical level is advanced and the book would be most appropriate for a specialized course at the Ph.D. level."

Donald L. Iglehart
Professor Emeritus of Operations Research, Stanford University

"This book provides a comprehensive mathematical presentation of (s,S) inventory models and affords readers thorough coverage of the analytic tools used to establish theoretical results. Markovian demand models are central in the extensive scientific literature on inventory theory, and this volume reviews all the important conceptual developments of the subject."

Harvey M. Wagner
University of North Carolina at Chapel Hill

"Beyer, Cheng, Sethi and Taksar have done a fine job of bringing together many of the central results about this important class of models. The book will be useful to anyone interested in inventory theory."

Paul Zipkin
Duke University

Reviews

From the reviews:

“In this book, the authors present a complete, rigorous mathematical treatment of the classical dynamic inventory models with stochastic demands. … This book is an elegant and comprehensive account of Markovian demand inventory models. It will be useful for students, researchers and practitioners in operations management and industrial engineering.” (P. R. Parthasarathy, Mathematical Reviews, Issue 2012 g)

Table of contents (10 chapters)

  • Introduction

    Beyer, Dirk (et al.)

    Pages 3-18

  • Discounted Cost Models with Backorders

    Beyer, Dirk (et al.)

    Pages 21-40

  • Discount Cost Models with Polynomially Growing Surplus Cost

    Beyer, Dirk (et al.)

    Pages 41-58

  • Discounted Cost Models with Lost Sales

    Beyer, Dirk (et al.)

    Pages 59-80

  • Average Cost Models with Backorders

    Beyer, Dirk (et al.)

    Pages 83-106

Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-0-387-71604-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-0-387-71603-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $159.00
price for USA
  • ISBN 978-1-4614-2466-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Markovian Demand Inventory Models
Authors
Series Title
International Series in Operations Research & Management Science
Series Volume
108
Copyright
2010
Publisher
Springer US
Copyright Holder
Springer-Verlag US
eBook ISBN
978-0-387-71604-6
DOI
10.1007/978-0-387-71604-6
Hardcover ISBN
978-0-387-71603-9
Softcover ISBN
978-1-4614-2466-6
Series ISSN
0884-8289
Edition Number
1
Number of Pages
XX, 255
Number of Illustrations and Tables
15 b/w illustrations
Topics