My Wish Lists Login / Join

Inventory Control : Models and Methods

By: Dieter Bartmann, Lina Martins

Write A Review

Paperback

At a Glance

Paperback
276 Pages

Dimensions(cm)
25.4 x 17.78 x 1.27

Paperback

$149.01

or 4 interest-free payments of $37.25 with

Ships in 5 to 7 business days

Experts in operations research and developers of software application systems have been treading separate paths for many years. It is urgently necessary to reset this course so that the demanding requirements of variousCIM concepts can be realized. This is specially relevant for computer-based stock management. Both authors, with a number of years of practical experience behind them, have written this book with this objective in mind. The book shows how modern inventory control can be rationally structured with the help of OR. Two aspects are given importance:1) the necessary mathematical derivations are completely explained in detail so that the reader will be able to optimally handle a given situation with the help of the methods learned in this book, and 2) aside from the models, strong emphasis is given on numerical methods. Suitable algorithms are thoroughly explained for the more important cases.

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.

Defective items

If there is a problem with any of the items received for your order then the Booktopia Customer Care team is ready to assist you.

For more info please visit our Help Centre.

You Can Find This Book In

Non-Fiction Business & Management Business Mathematics & Systems Operational Research Management & Management Techniques Business Strategy Engineering & Technology Electronics & Communications Engineering Electronics Engineering Automatic Control Engineering Robotics Organisational Theory & Behaviour

Technology in General Engineering in General Energy Technology & Engineering Electrical Engineering

Foreword
Overview
Deterministic Inventory Models
Introduction	p. 1
Economic Order Quantity (EOQ)	p. 2
Costs and Sensitivity	p. 8
RM-Systems (ABC Analysis)	p. 12
Product-Mix Decision	p. 13
Estimating the Rate of Demand	p. 14
Profit Maximization	p. 18
Inventory Evaluation	p. 19
Quantity Discount	p. 22
Collective or Single Order?	p. 25
Optimal Stocking in Serial Production	p. 28
Stock-outs Allowed	p. 30
Discrete Lot Sizes	p. 33
Consideration of Shelf Space in Inventory	p. 35
Budget Restriction	p. 38
Known but Varying Demand	p. 42
Fixed Delivery Period [gamma]	p. 46
Safety Stock with Stochastic Delivery Time (including Just-in-Time Production)	p. 47
The Wilson Model With Poisson Demand
Poisson Process	p. 56
General Remarks on Chance	p. 66
Interest, Continuous Interest, Present Value	p. 69
Inventory with Poisson Demand and Immediate Delivery	p. 72
Poisson Demand, No Discounting	p. 79
Recurrent Process	p. 83
Proof of Optimality	p. 88
Stochastic Single Period Models
The Newsboy Problem	p. 91
Evaluation of P(x) = [actual symbol not reproducible]	p. 95
Temporal Structure of the Newsboy Problem	p. 100
Exact Formulation	p. 104
Overbooking	p. 111
Stochastic Models With Continuous Review
Method of State Probabilities	p. 114
Poisson Demand, Exponential Delivery Time	p. 119
Poisson Demand, Fixed Delivery Time [gamma]	p. 128
Poisson Demand, Stochastic Delivery Time, Single Order	p. 137
Poisson Demand, Stochastic Delivery Time, Multiple Orders	p. 142
Stochastic Models With Periodic Review
The Arrow-Harris-Marschak Model	p. 147
The AHM-Model in the Stationary Case	p. 151
Standardization	p. 153
Exponentially Distributed Demand	p. 155
Optimality of the (s,S)-Policy	p. 161
Elimination of Proportional Ordering Costs with Finite Planning Horizon	p. 170
Bounds for (s[subscript n],S[subscript n])	p. 174
Optimality of the (s,S)-Policy in the Stationary Model	p. 186
A Method for Computing s and S	p. 188
AHM-Model with Delivery Time	p. 200
Autocorrelated Demand	p. 208
Inventory with Forecasting	p. 211
Numerical Methods
Value Iteration	p. 218
Policy Iteration	p. 230
Bisection Method and Dynamic Programming	p. 236
Computation of Optimal (s,S)-Policies according to Federgruen and Zipkin	p. 241
Closing Remarks	p. 245
Literature	p. 246
Table of Contents provided by Blackwell. All Rights Reserved.

Inventory Control : Models and Methods

At a Glance

Paperback

Shipping

How to return your order

Defective items

You Can Find This Book In

More in Management & Management Techniques

Built to Burn

Why Work Burns People Out and How the Best Leaders Build Cultures That Don't

HBR's 10 Must Reads 2027

The Definitive Management Ideas of the Year from Harvard Business Review (featuring 'The Hidden Beliefs That Hold Leaders Back' by Muriel M. Wilkins)

Roll the Calls

A Memoir

Less Achieves More

How To Focus On What Truly Matters

The Simple Guide to ADHD Regulation

The Secret to Finding Balance, Getting Things Done, and Enjoying Your Life

John Longmire

Pain, perspective and premierships - my autobiography

Principles

Life and Work

Outwitting the Devil®

The Secret to Freedom and Success

Fair Share

How Men and Women Can Create a More Equitable Workplace Together

The Last Battle

Australian SAS, Commandos and our Greatest Victory in our Longest War

All the Difference

Six Leadership Actions to Bridge Perspectives, Strengthen Teams, and Create Value

Procrastinators Get Stuff Done

How to Go from Overwhelmed to Finished

Strong Ground

The Lessons of Daring Leadership, the Tenacity of Paradox and the Wisdom of the Human Spirit

Start With Why

How Great Leaders Inspire Everyone to Take Action

Women Living Deliciously

THE LIFE-CHANGING BOOK EVERY WOMAN DESERVES

The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth

Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth

Not Everything Counts but Everything Matters

Special Grand Final Edition

The 7 Habits of Highly Effective People

30th Anniversary Edition

The Art of Gathering

How We Meet and Why It Matters

Radical Candor - Fully Revised and Updated Edition

How to Get What You Want by Saying What You Mean

Multipliers [Revised and Updated]

How the Best Leaders Make Everyone Smarter

Leaders Eat Last

Why Some Teams Pull Together and Others Don't

Extreme Ownership

Drive

Surprising Truth About What Motivates Us

This product is categorised by