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Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text.
The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked.
Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets.
"synopsis" may belong to another edition of this title.
FIM includes an introductory chapter which outlines the logic and topical coverage of the text, and provides a strong rationale for the need for and application of inventory theory.
Chapter two outlines the current state of technology of managing inventory, including MRP, ERP, and database systems, and also points to web resources which will provide students with knowledge of tools for keeping up-to-date on those tools.
Examples are integrated to illustrate application of concepts, difficult technical material is segmented or appendicized for optional coverage, and problem sets are arranged logically, all in order to allow flexibility depending on course level.
"About this title" may belong to another edition of this title.
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