Download Academic an annotated timeline of operations research by Saul I. Gass, Arjang A. Assad PDF
By Saul I. Gass, Arjang A. Assad
AN ANNOTATED TIMELINE OF OPERATIONS examine: an off-the-cuff background recounts the evolution of Operations examine (OR) as a brand new technological know-how - the technological know-how of determination making. bobbing up from the pressing operational problems with global battle II, the philosophy and method of OR has permeated the answer of selection difficulties in enterprise, undefined, and executive. The Timeline chronicles the background of OR within the type of self-contained, expository entries. every one access provides a concise clarification of the occasions and other people lower than dialogue, and offers key resources the place extra appropriate info could be acquired. moreover, books and papers that experience encouraged the advance of OR or helped to teach the 1st generations of OR teachers and practitioners are mentioned in the course of the ebook. beginning in 1564 with seminal principles that shape the precursors of OR, the Timeline lines the major rules and occasions of OR via 2004. The Timeline should still curiosity somebody all in favour of OR - researchers, practitioners, lecturers, and, specifically, scholars - who desire to learn the way OR got here into being. additional, the scope and expository form of the Timeline may still make it of worth to the final reader drawn to the improvement of technological know-how and expertise within the final 1/2 the 20th century. have you learnt:
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L. ” This work contains the first treatment of Brownian motion to stock markets, providing three different characterizations. The results, although essentially correct, were unjustly regarded as imprecise or vague and did not receive due recognition. Bachelier also considered what is now termed the drift of a stochastic differential equation. The full recognition of his work had to wait till the 1970s, when the theory of options trading gained currency. [Statisticians of the Centuries, G. C. Heyde, E.
Karl Pearson constructed a quincunx in which the value of p can be varied, thus producing skewed binomial distributions. [“Quincunx”, H. O. Posten, pp. 489– 491 in Encyclopedia of Statistical Sciences, Vol. 7, S. Kotz, N. L. Johnson, editors, John Wiley & Sons, New York, 1982; The History of Statistics, S. M. Stigler, Harvard University Press, Cambridge, 1986; Statistics on the Table, S. M. Stigler, Harvard University Press, Cambridge, 1999] 2 Operations research precursors from 1881 to 1935 1881 Scientific management/Time studies Frederick W.
Harris, is a cornerstone of inventory management. Here K = setup cost of placing an order, D = rate of demand for product, h = holding cost per unit. Harris published the EOQ formula in 1915. His work, however, can be traced to an earlier 1913 paper. [“How many parts to make at once,” F. W. Harris, Factory, The Magazine of Management, 10, 2, February 1913, 135–136, 152; Principles of Operations Research, H. M. Wagner, Prentice-Hall, Englewood Cliffs, 1969; “An early classic misplaced: Ford W. Harris’s economic order quantity model of 1915,” Donald Erlenkotter, Management Science, 35, 7, 1989, 898–900] 1914 Lanchester’s Equations The British aeronautical engineer, Frederick W.