Promise Date Policies in Inventory Theory (Classic Reprint)
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 14.62
Quantity: Over 20 available
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Print on Demand. This book explores the theoretical fundamentals underlying inventory management systems, where orders can be promised for delivery in any future period specified by the customer. This approach to inventory management—referred to as promise date policies—is a novel concept that departs from traditional models where any order not shipped within its receipt period is considered late. The author develops a comprehensive mathematical framework for promise date policies under both deterministic and stochastic demand and introduces the concept of urgency structure which characterizes the fraction of demand requiring a promise date within a given number of periods. The book provides a characterization of optimal promise date policies and demonstrates a reduction to a simpler optimization problem in a set of feasible deferred demand schedules. The author also introduces a constructive SCOUR (Scheduling for Control of Outstanding Urgency Requirements) algorithm for determining optimal promise date policies and discusses the FIFO (First-In, First-Out) construction for promise date policies. This book is a valuable resource for researchers, practitioners, and students in the field of inventory management, providing a deeper understanding of promise date policies and their applications. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781334239212_0
- Title
- Promise Date Policies in Inventory Theory (Classic Reprint)
- Author
- Martin L. Leibowitz, Warren M. Hirsch
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1334239215
- ISBN 13
- 9781334239212
- Seller catalogs
- Calculus
Inventory theory is concerned primarily with procedures for minimizing the cost of replenishing, holding and being without a stock of needed goods. In most models, including the one considered in this paper, the problem is viewed in terms of a finite number of sequential time periods. Within each of these periods, the basic inventory cycle of replenish ment, receipt of orders, and shipment of stock against current and earlier orders takes place. Three components of cost are incurred in the course of each period. The replenishment cost is assumed usually to be a convex function of the amount of stock received, indicating the possibility of greater economy through increased volume. The cost of holding stock is assumed to be a function of the remaining stock level after replenishment and shipment. The shortage cost-the cost of not being able to fill orders on time-is assumed usually to depend on the total amount of all unshipped orders at the end of the period.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed before purchase if you request a sample.
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