Applied Stochastic Models and Control in Management (Advanced Series in Management)

Applied Stochastic Models and Control in Management bridges a gap between the evolving domains of stochastic model building, dynamic systems optimization and their applications to managerial decision-making problems. The volume presents a large number of applications, covering production and operations management, marketing, finance and insurance, as well as a collection of problems dealing with quality, and resource management. In addition, the book explains and outlines the kind of tools that are necessary for the solution of such problems.