Inventory Control

✍ Scribed by Sven Axsäter (auth.)

• Publisher: Springer International Publishing
• Year: 2015
• Tongue: English
• Leaves: 271
• Series: International Series in Operations Research & Management Science 225
• Edition: 3
• Category: Library

✦ Synopsis

This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners. It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning. It also includes 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.

Other topics covered in Inventory Control include: alternative forecasting techniques, 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 transshipments and on remanufacturing, coordination and contracts. As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.

✦ Table of Contents

Front Matter....Pages i-xiii
Introduction....Pages 1-5
Forecasting....Pages 7-35
Costs and Concepts....Pages 37-43
Single-Echelon Systems: Deterministic Lot Sizing....Pages 45-63
Single-Echelon Systems: Reorder Points....Pages 65-105
Single-Echelon Systems: Integration–Optimality....Pages 107-120
Coordinated Ordering....Pages 121-145
Multi-Echelon Systems: Structures and Ordering Policies....Pages 147-170
Multi-Echelon Systems: Lot Sizing....Pages 171-189
Multi-Echelon Systems: Reorder Points....Pages 191-222
Implementation....Pages 223-233
Back Matter....Pages 235-268

✦ Subjects

Operation Research/Decision Theory; Production/Logistics/Supply Chain Management