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Can I read Economic Information, Decision, and Prediction: Selected Essays: Volume II (Theory and Decision Library, 7-2) on EtoBox?
Economic Information, Decision, and Prediction: Selected Essays: Volume II (Theory and Decision Library, 7-2) by Jacob Marshak (auth.) is a nonfiction available to read on EtoBox.
What is Economic Information, Decision, and Prediction: Selected Essays: Volume II (Theory and Decision Library, 7-2) about?
ABsTRACf. Optimal inventory policy is first derived for a simple model in which the future (and constant) demand flow and other relevant quantities are known in advance. This is followed by the study of uncertainty models -a static and a dynamic one -in which the demand flow is a random variable with a known probability distribution. The best maximum stock and the best reordering point are determined as functions of the demand distribution, the cost of making an order, and the penalty ofstock depletion.
Who reads Economic Information, Decision, and Prediction: Selected Essays: Volume II (Theory and Decision Library, 7-2)?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- Jacob Marshak (auth.)
- Publisher
- Springer Netherlands
- Published
- 1974
- Language
- EN
- ISBN
- 9789027705242
- Category
- nonfiction
- Subjects
- Sociology, Management, Social Science
Other editions & translations
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