Optimal Control Applications for Operations Strategy
This book focuses on the applications of optimal control theory to operations strategy and supply chain management. It emphasizes the importance of optimal control theory as a tool to analyze and understand fundamental issues in the respective fields. Del
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Optimal Control Applications for Operations Strategy
Optimal Control Applications for Operations Strategy
Bowon Kim
Optimal Control Applications for Operations Strategy
123
Bowon Kim KAIST Business School Seoul Korea (Republic of)
ISBN 978-981-10-3598-2 DOI 10.1007/978-981-10-3599-9
ISBN 978-981-10-3599-9
(eBook)
Library of Congress Control Number: 2017932003 © Springer Nature Singapore Pte Ltd. 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
For My Family
Preface
This book ‘Optimal Control Applications for Operations Strategy’ is about applications of optimal control theory to operations and supply chain management. While teaching masters and Ph.D. students at KAIST Business School for the last 20 years, I have found that optimal control theory is a very powerful tool to analyze and understand the fundamental issues in operations strategy. One of the most important roles played by optimal control theory is to provide managerial and economic insights, which enable the students to comprehend the dynamic activities and interactions in operations. In the literature, however, optimal control theory is not one of the mainstream approaches to study operations management. As such, not many reference books on optimal control theory applied to operations are available. Like any other research methodology in management, it is obvious that optimal control theory alone is not complete. Nevertheless, it is certainly an effective tool to supplement other methodologies in operations, i.e., it plays a very significant role in analyzing the complex dynamics embodied in operations strategy. This book could fill the gap in
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