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International Series in Operations Research & Management Sci #26: Inventory Control

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International Series in Operations Research & Management Sci #26: Inventory Control Cover

 

Synopses & Reviews

Publisher Comments:

The strategic importance of efficient Supply Chain Management is today fully recognized by top management. The total investment in inventories is enormous, and the control of capital tied up in raw material, work-in-progress, and finished goods offers an important potential for improvement. At the same time, advances in information technology have drastically changed the possibilities to apply improved inventory control techniques. Furthermore, the recent progress in research has resulted in new and more general methods that can reduce the supply chain costs substantially. Scientific methods for production and inventory control can give a significant competitive advantage. INVENTORY CONTROL deals with a range of different approaches and models that can be used when developing inventory management systems and practices. The book's primary purpose is to serve as a core textbook in various university courses. In addition, it serves as a source book to industry practitioners to understand inventory control techniques and thereby simplify and promote implementation in practice. The second edition of INVENTORY CONTROL, which has been extended by more than 50 percent, satisfies both these objectives. It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies, and Material Requirements Planning. But it also includes very recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation. The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. The second edition of INVENTORY CONTROL incorporates several new topics. The additions include: alternative forecasting techniques, more material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral trans-shipments and on remanufacturing, coordination and contracts. There are eleven chapters compared to six in the previous version. The explanations of different results are more detailed, and a considerable number of exercises have been added.

Synopsis:

The Second Edition of Inventory Control deals with a range of different approaches and models that can be used when developing inventory management systems and practices. The significantly expanded book shows how advances in information technology have drastically changed the possibilities to apply improved inventory control techniques. Furthermore, recent progress in research has resulted in new and more general methods that can substantially reduce the supply chain costs.

Synopsis:

The strategic importance of efficient Supply Chain Management is today fully recognized by top management. The total investment in inventories is enormous, and the control of capital tied up in raw material, work-in-progress, and finished goods offers an important potential for improvement. At the same time, advances in information technology have drastically changed the possibilities to apply improved inventory control techniques. Furthermore, the recent progress in research has resulted in new and more general methods that can reduce the supply chain costs substantially. Scientific methods for production and inventory control can give a significant competitive advantage. The Second Edition of Inventory Control deals with a range of different approaches and models that can be used when developing inventory management systems and practices.

Table of Contents

Preface.- Introduction.- Forecasting.- Costs and concepts.- Single-echelon systems: deterministic lot sizing.- Single-echelon systems: reorder points.- Single-echelon systems: integration - optimality.- Coordinated ordering.- Multi-echelon systems: structures and ordering policies.- Multi-echelon systems: lot sizing.- Multi-echelon systems: reorder points.- Implementation.- Appendix 1.- Answers and hints to problems.- Appendix 2.- Normal distribution tables.- Index.

Product Details

ISBN:
9780387332505
Author:
Axsater, Sven
Publisher:
Springer
Author:
Axsc$ter, Sven
Author:
Axsdter, Sven
Author:
Axsc$ter, Sven
Subject:
Engineering - Mechanical
Subject:
Management Science
Subject:
Operations Research
Subject:
Production planning
Subject:
Inventory control
Subject:
Mechanical
Subject:
Production & Operations Management
Subject:
Axsäter
Subject:
Inventory Management
Subject:
Logistics
Subject:
Supply Chain Management
Subject:
Production/Logistics/Supply Chain Management
Subject:
Operations Research/Decision Theory
Subject:
Engineering Economics, Organization, Logistics, Marketing
Subject:
Industrial and Production Engineering
Subject:
Management/Business for Professionals
Subject:
Organization/Planning <P>The second edition of Inventory Control incorporates several new topics. The additions include: alternative forecasting techniques, more material on different stochastic demand processes and how they can be fitted to empirical dat
Subject:
Business management
Subject:
Organization/Planning
Subject:
Operation Research/Decision Theory
Copyright:
Edition Number:
2
Edition Description:
2nd ed. 2006
Series:
International Series in Operations Research & Management Science
Series Volume:
26
Publication Date:
20060504
Binding:
HARDCOVER
Language:
English
Illustrations:
Y
Pages:
352
Dimensions:
235 x 155 mm 1480 gr

Related Subjects

Business » Business Plans
Business » General
Business » Human Resource Management
Business » Management
Business » Writing
Engineering » Mechanical Engineering » General
Health and Self-Help » Psychology » General
Reference » Science Reference » Technology
Religion » Comparative Religion » General
Science and Mathematics » Mathematics » Probability and Statistics » General
Science and Mathematics » Mathematics » Probability and Statistics » Statistics

International Series in Operations Research & Management Sci #26: Inventory Control New Hardcover
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Product details 352 pages Springer - English 9780387332505 Reviews:
"Synopsis" by , The Second Edition of Inventory Control deals with a range of different approaches and models that can be used when developing inventory management systems and practices. The significantly expanded book shows how advances in information technology have drastically changed the possibilities to apply improved inventory control techniques. Furthermore, recent progress in research has resulted in new and more general methods that can substantially reduce the supply chain costs.
"Synopsis" by , The strategic importance of efficient Supply Chain Management is today fully recognized by top management. The total investment in inventories is enormous, and the control of capital tied up in raw material, work-in-progress, and finished goods offers an important potential for improvement. At the same time, advances in information technology have drastically changed the possibilities to apply improved inventory control techniques. Furthermore, the recent progress in research has resulted in new and more general methods that can reduce the supply chain costs substantially. Scientific methods for production and inventory control can give a significant competitive advantage. The Second Edition of Inventory Control deals with a range of different approaches and models that can be used when developing inventory management systems and practices.
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