Lecture Notes in Economics and Mathematical Systems
2 primary works
Book 161
Economic theory is growing not only in depth but in the breadth of its application as well. This study encroaches in part on a field normally considered as the domain of Sociology. But the methods applied here are those of mathematical economics. It has not been my ambition to make this as general and as mathe matically demanding as possible. On the contrary, I wanted to present as simple an argument as possible throughout. I wish to thank Brown University for granting me a Sabbatical leave in the Fall of 1977-78 in the course of which I wrote the first draft of this monograph. I am also grateful to the late Professor Jacob Marschak and to Professor Arthur Geoffrion for sponsoring me as a Visiting Scholar of the Western Management Science Institute, Graduate School of Management, UCLA for the months of November and December 1977. The Western Management Science Institute proved to be an ideal environment for writing: protective and stimulating at the same time. I have benefitted specifically from comments received as a result of presenting Chapters IV and V in the Marschak Colloquium on December 2, 1977, in particular by Professors Intri11igator and Spiro. My greatest indebtedness is to Jacob Marschak to whom I owe my awareness of and interest in the economic theory of organizations. He was my teacher, my director and supervisor, and my fatherly friend since 1950. It is thus entirely fitting that this work should be dedicated to his memory.
Book 388
Experts in operations research and developers of software
application systems have been treading separate paths for
many years. It is urgently necessary to reset this course so
that the demanding requirements of variousCIM concepts can
be realized. This is specially relevant for computer-based
stock management. Both authors, with a number of years of
practical experience behind them, have written this book
with this objective in mind. The book shows how modern
inventory control can be rationally structured with the help
of OR. Two aspects are given importance:1) the necessary
mathematical derivations are completely explained in detail
so that the reader will be able to optimally handle a given
situation with the help of the methods learned in this book,
and 2) aside from the models, strong emphasis is given on
numerical methods. Suitable algorithms are thoroughly
explained for the more important cases.
application systems have been treading separate paths for
many years. It is urgently necessary to reset this course so
that the demanding requirements of variousCIM concepts can
be realized. This is specially relevant for computer-based
stock management. Both authors, with a number of years of
practical experience behind them, have written this book
with this objective in mind. The book shows how modern
inventory control can be rationally structured with the help
of OR. Two aspects are given importance:1) the necessary
mathematical derivations are completely explained in detail
so that the reader will be able to optimally handle a given
situation with the help of the methods learned in this book,
and 2) aside from the models, strong emphasis is given on
numerical methods. Suitable algorithms are thoroughly
explained for the more important cases.