Decision models for single-period inventory policies

Author:   Satyendra Kumar (Kent State University Ohio)
Publisher:   LAP Lambert Academic Publishing
ISBN:  

9783848417131


Pages:   220
Publication Date:   28 February 2012
Format:   Paperback
Availability:   In stock   Availability explained
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Decision models for single-period inventory policies


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Overview

Firms are facing intense competition in today's global business environment. They have to produce quality products at competitive prices with unpredictable demand and has to quickly respond to risks as well as opportunities. All these require an efficient supply chain and a well-designed distribution system. Information Technology is becoming a critical enabler of an efficient supply chain management system, which can help in sharing and utilizing the information efficiently. Thus, there is a need to study the significance of available information within supply chain in decision-making process. We have studied the impact of electronic linkage between supply chain partners on the performance of distribution systems through case studies of two firms. These firms have implemented Web-applications for performing some business operations and are in the process to automate few more operations. These case studies have helped us to formulate models for optimal replenishment decisions. A multi-product, multi-constraint single-period distribution model has been formulated to solve a problem. This problem being NP-hard, a multi-stage heuristic method has been developed to solve the model.

Full Product Details

Author:   Satyendra Kumar (Kent State University Ohio)
Publisher:   LAP Lambert Academic Publishing
Imprint:   LAP Lambert Academic Publishing
Dimensions:   Width: 15.20cm , Height: 1.30cm , Length: 22.90cm
Weight:   0.327kg
ISBN:  

9783848417131


ISBN 10:   3848417138
Pages:   220
Publication Date:   28 February 2012
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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