Simulation research derives new methods for the design, analysis, and optimization of simulation experiments. Research on stochastic models develops and analyzes models of systems with random behavior ...
This paper studies a single-item multi-period inventory model in which future prices of the purchased item are assumed to be determined by a Markovian stochastic process instead of being known with ...
1 Civil, Environmental and Architectural Engineering, University of Colorado Boulder, Boulder, CO, USA, 2 Cooperative Institute for Research in Environmental Sciences (CIRES), University of Colorado ...
This is a preview. Log in through your library . Abstract A simple stochastic model for resource-limited populations is proposed and its properties examined by simulations. Features of the model are ...
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