Advertisement

Multidimensional Economic Criterion Models

  • Baoding Liu
  • Augustine O. Esogbue
Chapter
  • 150 Downloads
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 20)

Abstract

Let us now turn our attention to the multidimensional version of the economic criterion model presented in Chapter Two. Here, we have m commodities whose inventory levels will be denoted by x1, x2,⋯, x m , or by a vector x = (x1, x2,⋯, x m ), and the demand ξ = (ξ1, ξ2,⋯, ξ m ) is subject to a joint density function φ n 1, ξ2,⋯, ξ m ) at stage n. We note that this situation, although more complex, is more prevalent in real world inventory systems than the single commodity case treated earlier.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  • Baoding Liu
    • 1
  • Augustine O. Esogbue
    • 2
  1. 1.Department of Applied MathematicsTsinghua UniversityBeijingChina
  2. 2.School of Industrial and Systems EngineeringGeorgia Institute of TechnologyAtlantaUSA

Personalised recommendations