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Optimal Inventory Modeling of Systems : Multi-Echelon Techniques - Craig C. Sherbrooke

Optimal Inventory Modeling of Systems

Multi-Echelon Techniques

Hardcover Published: 30th April 2004
ISBN: 9781402078491
Number Of Pages: 333

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Most books on inventory theory use the item approach to determine stock levels, ignoring the impact of unit cost, echelon location, and hardware indenture. Optimal Inventory Modeling of Systems is the first book to take the system approach to inventory modeling. The result has been dramatic reductions in the resources to operate many systems - fleets of aircraft, ships, telecommunications networks, electric utilities, and the space station.

Although only four chapters and appendices are totally new in this edition, extensive revisions have been made in all chapters, adding numerous worked-out examples. Many new applications have been added including commercial airlines, experience gained during Desert Storm, and adoption of the Windows interface as a standard for personal computer models.

Industry Reviews

About the first edition:
"This book is a remarkable review and summary of nearly 30 years work on applied inventory theory. The book is a model of clarity and coherence. Even those concerned with other problem domains may benefit from the distilled wisdom it offers."
(Interfaces - Professor Steve New, University of Manchester)
"A large number of solved numerical examples help with the understanding of the models and mathematics used. Undoubtedly, a book of such integrity deserves a place on the shelf of any person, library or organization whose interests lie in the domain of inventory theory and its application to complex systems."
(Logistics Spectrum - Professor Mirce Knezevic, Exeter University)
About the second edition:
"In the second edition, the basics remain the same and should be considered essential knowledge for logisticians and system managers. Sherbrooke has spent his career solving real inventory problems. Practical examples help the reader understand critical concepts like marginal analysis, expected backorders, cost-availability curves, optimization, and analytical versus simulation based models. In Optimal Inventory Modeling of Systems, Sherbrooke tells us how we (public and private sector managers) can better understand and act on the critical trade-offs between cost and system availability. This reference text should be on your bookshelf."
(George T. Babbitt, General, USAF (Retired), Formerly Commander, Air Force Material Command; Director, Defense Logistics Agency)

Introductionp. 1
Single-site inventory model for repairable itemsp. 19
Metric : a multi-echelon modelp. 45
Demand processes and demand predictionp. 59
Vari-metric : a multi-echelon, multi-indenture modelp. 101
Multi-echelon, multi-indenture models with periodic supply and redundancyp. 129
Special topics in periodic supplyp. 163
Modeling of cannibalizationp. 181
Applicationsp. 211
Implementation issuesp. 223
Palm's theoremp. 237
Multi-echelon systems with lateral supplyp. 245
Demand prediction studiesp. 261
Predicting wartime demand for aircraft sparesp. 291
Vmetric model implementationp. 301
Demand analysis systemp. 315
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781402078491
ISBN-10: 1402078498
Series: International Series in Operations Research & Management Science
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 333
Published: 30th April 2004
Publisher: Springer-Verlag New York Inc.
Country of Publication: US
Dimensions (cm): 24.23 x 16.26  x 2.49
Weight (kg): 0.74
Edition Number: 2
Edition Type: Revised