Book Description

The past two decades have seen a great deal of research into the stochastic modelling of production, manufacturing, and inventory systems for the purpose of improving their performance. This book provides a graduate-level introduction to these techniques covering exact, approximate, and numerical techniques. The author has aimed to strike a balance between theoretical issues and the practical aspects of modelling manufacturing systems. It is based on graduate courses given to operations research and industrial engineering students and includes numerous examples and exercises. ... Read more

Book Description

Scheduling and multicriteria optimisation theory have been subject, separately, to numerous studies. Since the last fifteen years, multicriteria scheduling problems have been subject to a growing interest. However, a gap between multicriteria scheduling approaches and multicriteria optimisation field exists. This book is a first attempt to collect the elementary of multicriteria optimisation theory and the basic models and algorithms of multicriteria scheduling. It is composed of numerous illustrations, algorithms and examples which may help the reader in understanding the presented concepts. ... Read more

Book Description

The main objective of this volume is to provide a presentation and discussion of recent developments in optimization and related fields. Equal emphasis is given to theoretical and practical studies. All the papers in this volume contain original results except two of them which are survey contributions. They deal with a wide range of topics such as optimization and variational inequalities, sensitivity and stability analysis, control theory, convex and nonsmooth analysis, and numerical methods. ... Read more

Book Description

The technology investment decision of an individual firm has become a very complex matter in recent years. One reason is the incredibly rapid progress of technological developments in the last decades. Another reason is the existence of and movement towards oligopolistic markets. In this book, several theoretical and technology investment models of the firm are developed and analyzed. To solve these models real options theory and game theory is used. The real options theory makes it possible to explicitly take into account (and value) the option value of waiting. Game theory is used to incorporate strategic interactions. Technology Investment extends the already existing real options models by the introduction of game theory. The game theory, or more specifically, the theory of timing games, is extended by the inclusion of stochastics. ... Read more

Book Description

This book provides readers with a state-of-the-art overview of operations management. It shows the fundamental principles of operations and how they relate to effectively producing goods and services.A thorough discussion of service operations recognizes the fact that a dominant proportion of jobs and operations decisions exist in services. Strong global emphasis (includes international, multi-domestic, global, and transnational strategies) demonstrates to readers how world economies tie together. Other chapter topics cover operations and productivity; operations strategy for competitive advantage; operations in a global environment; forecasting; managing quality; statistical process control; 7s: operations technology, the internet, and ERP; human resources and job design; supply chain management; e-commerce and operations management; project management; and maintenance and reliability.For individuals interested in operations management—and the challenges of cultural, ethical, and critical issues in business today. ... Read more

Reviews (2)

Great Book!
Very good book. You learn and understand the basics of operations management very fast. Also very usefull book on advanced level.

Professional, interesting and comprehensive!
As someone who has taught Operations Management since Spring semester, 1980 following fifteen years in operations management in the steel industry, I've had the opportunity to review a large number of textbooks in this area. Without exageration, this is the most comprehensive, "user friendly" text that I have found. The illustrations, practice problems, power point slides and text book web site are great. Student comments have been very positive.

I strongly urge my colleagues who teach Operations Management to give this book a very serious look. ... Read more

Book Description

Decision & Control in Management Science analyzes emerging decision problems in the management and engineering sciences. It is divided into five parts.The first part explores methodological issues involved in the optimization of deterministic and stochastic dynamical systems.The second part describes approaches to the model energy and environmental systems and draws policy implications related to the mitigation of pollutants.The third part applies quantitative techniques to problems in finance and economics, such as hedging of options, inflation targeting, and equilibrium asset pricing.The fourth part considers a series of problems in production systems. Optimization methods are put forward to provide optimal policies in areas such as inventory management, transfer-line, flow-shop and other industrial problems.The last part covers game theory.Chapters range from theoretical issues to applications in politics and interactions in franchising systems.Decision & Control in Management Science is an excellent reference covering methodological issues and applications in operations research, optimal control, and dynamic games. ... Read more

Book Description

Experimental Business Research includes papers that were presented at the First Asian Conference on Experimental Business Research held at the Hong Kong University of Science and Technology (HKUST), on December 7-10, 1999. The conference was organized by the Center for Experimental Business Research (cEBR) at the HKUST.The papers presented at the conference and a few others that were solicited especially for this volume contain original research on individual and interactive decision behavior in various branches of business research including, but not limited to, economics, marketing, management, finance, and accounting.Experimental Business Research is suitable as a secondary text for a graduate level course, and as a reference for researchers and practitioners in industry. ... Read more