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

• Main Authors: Muckstadt, John A. (Author), Sapra, Amar. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: New York, NY : Springer New York, 2010.
• Edition: 1.
• Series: Springer Series in Operations Research and Financial Engineering,
• Subjects: Mathematics.; Operations research.; Industrial engineering.; Operations Research, Mathematical Programming.; Operations Research/Decision Theory.; Applications of Mathematics.; Industrial and Production Engineering.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-0-387-68948-7

Inventories are prevalent everywhere in the commercial world, whether it be in retail stores, manufacturing facilities, government stockpile material, Federal Reserve banks, or even your own household. This textbook examines basic mathematical techniques used to sufficiently manage inventories by us...

Table of Contents:

• 1. Introduction
• 2. Economic Order Quantity Models
• 3. 98% Cost-Effective Heuristics
• 4. Dynamic Lot-Sizing
• 5. The Newsvendor Model
• 6. Periodic Review Models with Variable Ordering Cost
• 7. Periodic Review Models with Fixed Ordering Cost
• 8. A Continuous Time Model with Fixed Ordering Cost
• 9. Repairable Items in Multi-Echelon Systems
• 10. Last Thought
• Bibliography
• Index.