Principles of Inventory Management: When You Are Down to Four, Order More

Author:   John A. Muckstadt ,  Amar Sapra
Publisher:   Springer-Verlag New York Inc.
Edition:   2010 ed.
ISBN:  

9780387244921


Pages:   339
Publication Date:   23 December 2009
Format:   Hardback
Availability:   In Print   Availability explained
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Principles of Inventory Management: When You Are Down to Four, Order More


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Overview

Ensuring the availability of materials and goods is one of the major responsibilities and goals of inventory management, requiring various techniques such as mathematical modeling and computational methods. This unique textbook is devoted to models and solutions in inventory management. It begins with an introductory chapter in which the basics of inventory systems and mathematical assumptions for all models are grouped together, thereafter mathematical principles and applications are treated as they relate to one another. In this clearly organized systematic exposition, a unique balance is maintained between simplicity and rigor. Topics related to multiechelon systems are discussed in the latter chapters. An important feature of this work can be found in the beautiful examples in the final chapter in which a relationship between different kinds of real situations in industry and theoretical models are discussed in detail.This graduate textbook will appeal to senior and first year graduate students in operations research, industrial engineering, and quantitative MBA programs and serves as a reference resource for the industrial world.

Full Product Details

Author:   John A. Muckstadt ,  Amar Sapra
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   2010 ed.
Dimensions:   Width: 17.80cm , Height: 3.00cm , Length: 23.50cm
Weight:   0.881kg
ISBN:  

9780387244921


ISBN 10:   0387244921
Pages:   339
Publication Date:   23 December 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Inventories Are Everywhere.- EOQ Model.- Power-of-Two Policies.- Dynamic Lot Sizing with Deterministic Demand.- Single-Period Models.- Inventory Planning over Multiple Time Periods: Linear-Cost Case.- Background Concepts: An Introduction to the ( #x2212; 1, ) Policy under Poisson Demand.- A Tactical Planning Model for Managing Recoverable Items in Multi-Echelon Systems.- Reorder Point, Lot Size Models: The Continuous Review Case.- Lot Sizing Models: The Periodic Review Case.

Reviews

From the reviews: This book on inventory management is based on a collection of lectures at Cornell University and consists of 10 chapters. ! The book has been written in a form so that sections can be mostly independently read. Each chapter finishes with some exercises. This textbook is particularly suitable for graduate students which are familiar with basic optimization methods, probability theory and stochastic processes. In addition, it can also be used by practitioners as a reference tool. (Frank Werner, Zentralblatt MATH, Vol. 1186, 2010)


From the reviews: This book on inventory management is based on a collection of lectures at Cornell University and consists of 10 chapters. ... The book has been written in a form so that sections can be mostly independently read. Each chapter finishes with some exercises. This textbook is particularly suitable for graduate students which are familiar with basic optimization methods, probability theory and stochastic processes. In addition, it can also be used by practitioners as a reference tool. (Frank Werner, Zentralblatt MATH, Vol. 1186, 2010)


From the reviews: This book on inventory management is based on a collection of lectures at Cornell University and consists of 10 chapters. ... The book has been written in a form so that sections can be mostly independently read. Each chapter finishes with some exercises. This textbook is particularly suitable for graduate students which are familiar with basic optimization methods, probability theory and stochastic processes. In addition, it can also be used by practitioners as a reference tool. (Frank Werner, Zentralblatt MATH, Vol. 1186, 2010)


From the reviews: This book on inventory management is based on a collection of lectures at Cornell University and consists of 10 chapters. ... The book has been written in a form so that sections can be mostly independently read. Each chapter finishes with some exercises. This textbook is particularly suitable for graduate students which are familiar with basic optimization methods, probability theory and stochastic processes. In addition, it can also be used by practitioners as a reference tool. (Frank Werner, Zentralblatt MATH, Vol. 1186, 2010)


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