Ebook: Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains

This volume originates from two workshops, both focusing on themes that are reflected in the title of the volume. The first workshop took place at Eindhoven University of Technology, April 24-26, 2001, on the occasion of the University granting a doctorate honoris causa to Profes­ sor John A. Buzacott. The second workshop was held on June 15, 2002 at Cornell University (preceding the annual INFORMSjMSOM Confer­ ence), honoring John's retirement and his lifetime contributions. Each of the two workshops consisted of about a dozen technical presentations. The objective of the volume, however, is not to simply publish the proceedings of the two workshops. Rather, our objective is to put to­ gether a select set of articles, each organized into a well-written chapter, focusing on a timely topic. Collected into a single volume, these chapters aim to serve as a useful reference for researchers and practitioners alike, and also as reading materials for graduate courses or seminars.

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The Editors have taken the occasion of Professor John A. Buzacott's retirement as a motivating event to develop this volume. The objectives of Stochastic Modeling And Optimization Of Manufacturing Systems And Supply Chains is to both honor John Buzacott's achievements and to publish a set of well-written chapters on highly timely topics in the field of manufacturing and supply chain management. The book is organized into two parts. The first part focuses on aspects of manufacturing systems modeling. The second part focuses on production-inventory systems and supply chains. The book examines cutting-edge topics that have been invited and organized by the Editors from leading researchers in the field. Each chapter presentation has been carefully reviewed and crafted by the Editors and contributing authors. The volume is a fitting recognition of John Buzacott's lifetime contributions to this field.

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The Editors have taken the occasion of Professor John A. Buzacott's retirement as a motivating event to develop this volume. The objectives of Stochastic Modeling And Optimization Of Manufacturing Systems And Supply Chains is to both honor John Buzacott's achievements and to publish a set of well-written chapters on highly timely topics in the field of manufacturing and supply chain management. The book is organized into two parts. The first part focuses on aspects of manufacturing systems modeling. The second part focuses on production-inventory systems and supply chains. The book examines cutting-edge topics that have been invited and organized by the Editors from leading researchers in the field. Each chapter presentation has been carefully reviewed and crafted by the Editors and contributing authors. The volume is a fitting recognition of John Buzacott's lifetime contributions to this field.
Content:
Front Matter....Pages i-x
A Tribute to John A. Buzacott....Pages 1-5
Publications of John A. Buzacott....Pages 7-19
The Evolution of Manufacturing System Models: A Personal View....Pages 21-52
Reflections on the Use of Stochastic Manufacturing Models for Planning Decisions....Pages 53-85
Two-Moment Approximations for Throughput and Mean Queue Length of a Fork/Join Station with General Inputs from Finite Populations....Pages 87-126
Asymptotic Optimal Control of Multi-Class G/G/1 Queues with Feedback....Pages 127-142
Exact and Approximate Analysis of Multi-Echelon, Multi-Indenture Spare Parts Systems with Commonality....Pages 143-176
Optimal Inventory Control with Substitution: Single- and Multi-Period Models....Pages 177-201
Evaluation and Optimization of Strongly Ideal Assemble-to-Order Systems....Pages 203-242
Production/Inventory Control with Advance Demand Information....Pages 243-270
Unified Modelling Framework of Multi-Stage Production-Inventory Control Policies with Lot Sizing and Advance Demand Information....Pages 271-297
The Impact of Demand Signal Quality On Optimal Decisions in Supply Contracts....Pages 299-328
Forward and Spot Buying: Yield Management of Information Goods....Pages 329-373
Managing and Modelling Financial Flows and Material Flows....Pages 375-404
Back Matter....Pages 405-411

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The Editors have taken the occasion of Professor John A. Buzacott's retirement as a motivating event to develop this volume. The objectives of Stochastic Modeling And Optimization Of Manufacturing Systems And Supply Chains is to both honor John Buzacott's achievements and to publish a set of well-written chapters on highly timely topics in the field of manufacturing and supply chain management. The book is organized into two parts. The first part focuses on aspects of manufacturing systems modeling. The second part focuses on production-inventory systems and supply chains. The book examines cutting-edge topics that have been invited and organized by the Editors from leading researchers in the field. Each chapter presentation has been carefully reviewed and crafted by the Editors and contributing authors. The volume is a fitting recognition of John Buzacott's lifetime contributions to this field.
Content:
Front Matter....Pages i-x
A Tribute to John A. Buzacott....Pages 1-5
Publications of John A. Buzacott....Pages 7-19
The Evolution of Manufacturing System Models: A Personal View....Pages 21-52
Reflections on the Use of Stochastic Manufacturing Models for Planning Decisions....Pages 53-85
Two-Moment Approximations for Throughput and Mean Queue Length of a Fork/Join Station with General Inputs from Finite Populations....Pages 87-126
Asymptotic Optimal Control of Multi-Class G/G/1 Queues with Feedback....Pages 127-142
Exact and Approximate Analysis of Multi-Echelon, Multi-Indenture Spare Parts Systems with Commonality....Pages 143-176
Optimal Inventory Control with Substitution: Single- and Multi-Period Models....Pages 177-201
Evaluation and Optimization of Strongly Ideal Assemble-to-Order Systems....Pages 203-242
Production/Inventory Control with Advance Demand Information....Pages 243-270
Unified Modelling Framework of Multi-Stage Production-Inventory Control Policies with Lot Sizing and Advance Demand Information....Pages 271-297
The Impact of Demand Signal Quality On Optimal Decisions in Supply Contracts....Pages 299-328
Forward and Spot Buying: Yield Management of Information Goods....Pages 329-373
Managing and Modelling Financial Flows and Material Flows....Pages 375-404
Back Matter....Pages 405-411
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