Principles of Inventory Management
Language: English
Published by Springer New York, 2016
Series: Book 15 of 43 - Springer Series in Operations Research and Financial Engineering
- Softcover
- New
Seller: moluna, Greven, Germanymoluna
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Condition: New
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Add to basketItem description from seller
Seller Inventory # 447955386
- Title
- Principles of Inventory Management
- Author
- John A. Muckstadt|Amar Sapra
- Publisher
- Springer New York
- Publication year
- 2016
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 1493938630
- ISBN 13
- 9781493938636
- Series
- Book 15 of 43: Springer Series in Operations Research and Financial Engineering
"Synopsis" may belong to another edition of this title.
From the Back Cover
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 using various computational methods and mathematical models. Such models discussed include: EOQ model and extensions, power-of-two models, single and multi-period models, probabilistic lot sizing models, multi-echelon stochastic models, Laplace and Normal demand models, exact Poisson model, and many more.
Principles of Inventory Management begins with an introductory chapter in which the basics of inventory systems and mathematical assumptions for all models are grouped together. The text is presented in a way such that each section can be read independently, and so the order in which the reader approaches the book can be inconsequential. It contains both deterministic and stochastic models along with algorithms that can be employed to find solutions to a variety of inventory control problems.
Key topics include:
* Economic order quantity (EOQ) model
* Power-of-two policies
* Dynamic lot sizing
* Single and multi-period stochastic models
* Echelon-based approaches
* Multi-echelon systems
* Single and multi-item models
With exercises at the end of each chapter and a clear, systematic exposition, this textbook will appeal to advanced undergraduate and first-year graduate students in operations research, industrial engineering, and quantitative MBA programs. It also serves as a reference for professionals in both industry and government worlds. The prerequisitecourses include introductory optimization methods, probability theory (non-measure theoretic), and stochastic processes.
"About the title" may belong to another edition of this title.
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