Titlebook: Inventory Rationing; A New Modeling Appro Karin M?llering Book 2007 Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2007 Invent

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Dynamic Rationing Policies under periodic review now complete characterization of such an optimal policy is available. In this chapter we address this issue and suggest two state-dependent rationing policies for periodic review settings that take into account the backorder clearing.

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Conclusion and Critical Review. Applying a new modeling approach, we have optimized a constant critical level policy under average cost criterion for two situations: In the one case, the two customer classes have been prioritized by penalty costs. In the other case, they have been prioritized based on service requirements. We ha

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ergy as a ubiquitous causative agent in all phenomena acrossThis authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses,

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n investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of econom

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Karin M?lleringmuch inventory to stock; a risk manger how much economic capital to set aside, and an electricity speculator when to buy or sell. In each of these cases the individuals make their decision on the basis of what they think is likely to occur; their decision is based on the probability that certain eve

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