Introduction

Vassilis S. Kouikoglou and Yannis A. Phillis
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Vassilis S. Kouikoglou: Technical University of Crete
Yannis A. Phillis: Technical University of Crete

Chapter 1 in Hybrid Simulation Models of Production Networks, 2001, pp 1-42 from Springer

Abstract: Abstract Production of goods is a process of transforming matter from one form into another. This process together with the production of services is the basis of the economic activity. Production is a complex activity subject, among others, to the laws of physics and human decisions. The latter determine to a good degree the efficacy of production.

Keywords: Markov Chain; Geometric Distribution; Production Network; Probability Mass Function; Continuous Time Markov Chain (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1007/978-1-4757-5438-4_1

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