On the Effects of System Parameters for a Class of Queueing and Inventory Control Problems
Prof. Dr. Fikri Karaesmen, Koç University
November 30, Friday, 13:40
Place: EA 409
Abstract: We explore the effects of changing system input parameters for a class of problems that arise in queueing and inventory control. In particular, we study how different system parameters (event transition rates, costs, rewards etc.) affect the optimal cost and the optimal policy in multi-dimensional control problems. To achieve this, we develop a framework that unifies existing models and a systematic approach that enables investigating the effects of parametric changes.
Fikri Karaesmen is Professor of Industrial Engineering and Dean of College of Engineering at Koç University. He holds a BS degree in Industrial Engineering from METU and MS and PhD degrees in Industrial Engineering from Northeastern University. His research interests are in design of supply chains and service systems using stochastic models. His papers have appeared in many journals including Operations Research, Management Science and Manufacturing and Service Operations Management.