Kizito Mubiru

8 Questions 18 Answers 0 Followers

Questions related from Kizito Mubiru

How is a discrete-time bivariate Markov chain applied in handling or solving a Markov decision process problem?

Knowing two parameters that are Markovian eg. demand and price,, I want to establish optimal ordering policies for handling inventories using Markov decision process in Model formulation.

12 May 2015 816 1 View

How are stochastic inventory models relevant in handling just-in-time inventories?

I want to develop inventory models that can handle both in-plant and purchased inventories using just-in-time concepts.

08 May 2015 548 5 View

What special considerations would you recommend when modeling and optimizing Just-in-time inventories under demand uncertainty?

I want to develop a stochastic optimization model that handles inventories of a just-in-time setting.

08 May 2015 2,921 2 View

How are transition probabilities determined for a hidden Markov process?

I want to develop a Markov decision process Model where risk is factor in model formulation.

05 May 2015 6,850 1 View

What is the structure of the reward Matrix for a hidden Markov process when formulating a Markov decision process problem?

Knowing the structure will assist me to model situations where risk is a major factor

05 May 2015 6,866 1 View

How is the risk factor incorporated into a Markov decision process problem formulation?

How is the structure of the Markov chain and the reward function?

22 April 2015 6,599 3 View

How to build an effective inventory model for petroleum products at fuel stations under demand uncertainty?

Inventory control poses a challenge for petrol stations when demand for petroleum products fluctuates from time to time.

21 April 2015 4,530 3 View

How can I build a simulation model to optimize inventory levels of items in supermarkets whose demand is stochastic?

Demand of certain products in supermarkets is uncertain; an inventory model is sought in order to optimize stock levels and costs of such items

21 April 2015 9,686 10 View