Inventory Optimization: Models and Simulations
Language: English
Published by De Gruyter (edition 1), 2020
- Softcover
- Used
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- Title
- Inventory Optimization: Models and Simulations
- Author
- Vandeput, Nicolas
- Publisher
- De Gruyter (edition 1)
- Publication year
- 2020
- Condition
- Very Good
- Binding
- Perfect Paperback
- Language
- English
- ISBN 10
- 3110673916
- ISBN 13
- 9783110673913
- Edition
- 1.
--Joannes Vermorel, CEO, Lokad
Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization.
The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple―yet powerful―framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions.
Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter.
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BooksRun
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