Principles of Inventory Management: When You Are Down to Four, Order More (Springer Series in Operations Research and Financial ,Used

Principles of Inventory Management: When You Are Down to Four, Order More (Springer Series in Operations Research and Financial ,Used

In Stock
SKU: SONG0387244921
Brand: Springer
$54.57 $77.96
Save $23.39
Quantity
Add to wishlist
Add to compare

Processing time: 1-3 days

US Orders Ships in: 3-5 days

International Orders Ships in: 8-12 days

Return Policy: 15-days return on defective items

Payment Option
Payment Methods

Help

If you have any questions, you are always welcome to contact us. We'll get back to you as soon as possible, withing 24 hours on weekdays.

Customer service

All questions about your order, return and delivery must be sent to our customer service team by e-mail at yourstore@yourdomain.com

Sale & Press

If you are interested in selling our products, need more information about our brand or wish to make a collaboration, please contact us at press@yourdomain.com

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, poweroftwo models, single and multiperiod models, probabilistic lot sizing models, multiechelon 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* Poweroftwo policies* Dynamic lot sizing* Single and multiperiod stochastic models* Echelonbased approaches* Multiechelon systems* Single and multiitem models.With exercises at the end of each chapter and a clear, systematic exposition, this textbook will appeal to advanced undergraduate and firstyear 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 prerequisite courses include introductory optimization methods, probability theory (nonmeasure theoretic), and stochastic processes.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

Recently Viewed