Optimal Control and Optimization of Stochastic Supply Chain Systems

<body><p class="BodyFirst"><font size="2"><i><span lang="EN-GB">Optimal Control and Optimization of Stochastic Supply Chain Systems</span></i><span lang="EN-GB"> examines its subject in the context of the presence of a variety of uncertainties. Numerous examples with intuitive illustrations and tables are provided, to demonstrate the structural characteristics of the optimal control policies in various stochastic supply chains and to show how to make use of these characteristics to construct easy-to-operate sub-optimal policies.</span></font></p><p class="BodyFirst"><span lang="EN-GB"><font size="2"><span> </span>In Part I, a general introduction to stochastic supply chain systems is provided. Analytical models for various stochastic supply chain systems are formulated and analysed in Part II.^ In Part III the structural knowledge of the optimal control policies obtained in Part II is utilized to construct easy-to-operate sub-optimal control policies for various stochastic supply chain systems accordingly. Finally, Part IV discusses the optimisation of threshold-type control policies and their robustness. A key feature of the book is its tying together of the complex analytical mod