Handbooks in Operations Research and Management Science: Simulation
Handbooks in Operations Research and Management Science: Simulation

Author: Shane G. Henderson

Publisher: Elsevier

Published: 2006-09-02

Total Pages: 693

ISBN-13: 0080464769

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This Handbook is a collection of chapters on key issues in the design and analysis of computer simulation experiments on models of stochastic systems. The chapters are tightly focused and written by experts in each area. For the purpose of this volume "simulation refers to the analysis of stochastic processes through the generation of sample paths (realization) of the processes. Attention focuses on design and analysis issues and the goal of this volume is to survey the concepts, principles, tools and techniques that underlie the theory and practice of stochastic simulation design and analysis. Emphasis is placed on the ideas and methods that are likely to remain an intrinsic part of the foundation of the field for the foreseeable future. The chapters provide up-to-date references for both the simulation researcher and the advanced simulation user, but they do not constitute an introductory level 'how to' guide. Computer scientists, financial analysts, industrial engineers, management scientists, operations researchers and many other professionals use stochastic simulation to design, understand and improve communications, financial, manufacturing, logistics, and service systems. A theme that runs throughout these diverse applications is the need to evaluate system performance in the face of uncertainty, including uncertainty in user load, interest rates, demand for product, availability of goods, cost of transportation and equipment failures.* Tightly focused chapters written by experts* Surveys concepts, principles, tools, and techniques that underlie the theory and practice of stochastic simulation design and analysis* Provides an up-to-date reference for both simulation researchers and advanced simulation users

Encyclopedia of Operations Research and Management Science
Encyclopedia of Operations Research and Management Science

Author: Saul I. Gass

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 774

ISBN-13: 1461304598

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Operations Research: 1934-1941," 35, 1, 143-152; "British The goal of the Encyclopedia of Operations Research and Operational Research in World War II," 35, 3, 453-470; Management Science is to provide to decision makers and "U. S. Operations Research in World War II," 35, 6, 910-925; problem solvers in business, industry, government and and the 1984 article by Harold Lardner that appeared in academia a comprehensive overview of the wide range of Operations Research: "The Origin of Operational Research," ideas, methodologies, and synergistic forces that combine to 32, 2, 465-475. form the preeminent decision-aiding fields of operations re search and management science (OR/MS). To this end, we The Encyclopedia contains no entries that define the fields enlisted a distinguished international group of academics of operations research and management science. OR and MS and practitioners to contribute articles on subjects for are often equated to one another. If one defines them by the which they are renowned. methodologies they employ, the equation would probably The editors, working with the Encyclopedia's Editorial stand inspection. If one defines them by their historical Advisory Board, surveyed and divided OR/MS into specific developments and the classes of problems they encompass, topics that collectively encompass the foundations, applica the equation becomes fuzzy. The formalism OR grew out of tions, and emerging elements of this ever-changing field. We the operational problems of the British and U. s. military also wanted to establish the close associations that OR/MS efforts in World War II.

Management Science, Logistics, and Operations Research
Management Science, Logistics, and Operations Research

Author: Wang, John

Publisher: IGI Global

Published: 2013-09-30

Total Pages: 481

ISBN-13: 1466645075

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"This book examines related research in decision, management, and other behavioral sciences in order to exchange and collaborate on information among business, industry, and government, providing innovative theories and practices in operations research"--Provided by publisher.

Finance
Finance

Author: Nico van der Wijst

Publisher: Cambridge University Press

Published: 2013-01-17

Total Pages: 449

ISBN-13: 1139620266

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By providing a solid theoretical basis, this book introduces modern finance to readers, including students in science and technology, who already have a good foundation in quantitative skills. It combines the classical, decision-oriented approach and the traditional organization of corporate finance books with a quantitative approach that is particularly well suited to students with backgrounds in engineering and the natural sciences. This combination makes finance much more transparent and accessible than the definition-theorem-proof pattern that is common in mathematics and financial economics. The book's main emphasis is on investments in real assets and the real options attached to them, but it also includes extensive discussion of topics such as portfolio theory, market efficiency, capital structure and derivatives pricing. Finance equips readers as future managers with the financial literacy necessary either to evaluate investment projects themselves or to engage critically with the analysis of financial managers. Supplementary material is available at www.cambridge.org/wijst.

Operations Research/Management Science at Work
Operations Research/Management Science at Work

Author: Erhan Kozan

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 424

ISBN-13: 1461508193

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The principle aim of this book, entitled "Operations ResearchlManagement Science at Work", is to provide a summary snapshot of recent research in and applications of Operations Research (OR)/ Management Science (MS) in the Asia-pacific region. The book emphasises research having potential industry interest, covering a wide range of topics from major fields of ORIMS in a systematic and coherent fashion and shows the elegance of their implementations. The book is intended to serve the needs of applied researchers who are interested in applications of ORIMS algorithms. The book includes descriptions of many real-world problems together with their solutions; we hope the reader will appreciate their applicability. The Asia-pacific region has embraced business applications of decision support systems in recent years. Given that many of these applications are unaffected by legacy models or systems it has meant that state of the art ORIMS techniques have been embedded in them. Moreover, the increased use of OR/MS techniques in this region provides opportunities for identifying methodological advances that are taking place as a result of the unique nature of the applications. These also provide opportunities for exploring synergies and interfaces that exist between OR/MS, from the point of view of applications as well as theoretical advances.

Operational Research and Systems
Operational Research and Systems

Author: Paul Keys

Publisher: Springer Science & Business Media

Published: 2013-06-29

Total Pages: 273

ISBN-13: 1489906673

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Contemporary Systems Thinking is a series of texts, each of which deals comparatively and/or critically with different aspects of holistic thinking at the frontiers of the discipline. Traditionally, writings by systems thinkers have been concerned with single theme propositions such as general systems theory, cybernetics, operations research, system dyna mics, soft systems methodology, and many others. Recently there have been attempts to fulfil a different, yet equally important, role by com parative analyses of viewpoints and approaches, each addressing dispa rate areas of study such as modeling and simulation, measurement, management, "problem-solving" methods, international relations, so cial theory, and last, but not exhaustively or least, philosophy. In a recent book these were drawn together within a multiform framework as part of an eclectic discussion-a nearly impossible task as I dis covered (see Dealing with Complexity-An Introduction to the Theory and Application of Systems Science by R. L. Flood and E. R. Carson). Neverthe less, bringing many sources together led to several achievements, among which was showing a great diversity of approaches, ideas, and application areas that systems thinking contributes to (although often with difficulties remaining unresolved). More important, however, while working on that manuscript I became aware of the need for and potential value in a series of books, each focusing in detail on the study areas mentioned above.

Handbooks in Operations Research and Management Science: Financial Engineering
Handbooks in Operations Research and Management Science: Financial Engineering

Author: John R. Birge

Publisher: Elsevier

Published: 2007-11-16

Total Pages: 1026

ISBN-13: 9780080553252

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The remarkable growth of financial markets over the past decades has been accompanied by an equally remarkable explosion in financial engineering, the interdisciplinary field focusing on applications of mathematical and statistical modeling and computational technology to problems in the financial services industry. The goals of financial engineering research are to develop empirically realistic stochastic models describing dynamics of financial risk variables, such as asset prices, foreign exchange rates, and interest rates, and to develop analytical, computational and statistical methods and tools to implement the models and employ them to design and evaluate financial products and processes to manage risk and to meet financial goals. This handbook describes the latest developments in this rapidly evolving field in the areas of modeling and pricing financial derivatives, building models of interest rates and credit risk, pricing and hedging in incomplete markets, risk management, and portfolio optimization. Leading researchers in each of these areas provide their perspective on the state of the art in terms of analysis, computation, and practical relevance. The authors describe essential results to date, fundamental methods and tools, as well as new views of the existing literature, opportunities, and challenges for future research.