Composition Principles for Synthesis of Optimal Multistage Processes

Published Online:https://doi.org/10.1287/opre.12.4.610

Any multistage process may be constructed by a sequence of serial and/or parallel compositions. With certain restrictions on the form of the return composition function, optimal processes may be constructed in an efficient manner from optimal subprocesses. A number of simple sufficient conditions on the return functions are given and several approximation procedures are outlined.

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