Inventory Control

by Sven Axsäter

Overview

This textbook reviews the different approaches and models used for developing inventory management systems and practices. New techniques for multi-echelon inventory systems and Roundy's 98 percent approximation are covered, as well as more traditional approaches for forecasting, lot sizing, and determination of safety stocks and reorder points. Annotation c. Book News, Inc., Portland, OR

Product Details

ISBN-13:	9783319157290
Publisher:	Springer-Verlag New York, LLC
Publication date:	07/06/2015
Series:	International Series in Operations Research & Management Science , #225
Sold by:	Barnes & Noble
Format:	eBook
File size:	2 MB

About the Author

The main focus of Sven Axsäter's research has been production and inventory control. Past and current interests include: hierarchical production planning, lot sizing and most recently multi-echelon inventory systems. He has published numerous papers in the leading journals in his research area. Sven Axsäter has also served in an editorial capacity in various journals, including many years of service as Associate Editor of both Operations Research and Management Science.

Sven Axsäter has been President of the International Society of Inventory Research and Vice President of the Production and Operations Management Society. In 2005 he was awarded the Harold Larnder Memorial Prize by the Canadian Operational Research Society for distinguished international achievement in Operational Research. He received the MSOM Distinguished Fellow Award in 2008.

In addition, he has a vast consulting experience in the inventory management area. He has implemented inventory control in several companies and has also developed software for commercial inventory control systems.

Table of Contents

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: Reordering Points.- Implementation.

Editorial Reviews

The book is well structured and written with care. … Numerous examples and problems to solve (given at the end of each chapter) facilitate deep understanding of the theoretical foundations and help in following the associated mathematics. A particularly attractive aspect of the presented material is its giving precise indications for the industry practitioners about application of the discussed methods and algorithms in real systems.” (Przemysław Ignaciuk, Mathematical Reviews, May, 2017)

“An outstanding text in inventory control, fitting all pedagogic and scientific targets. Indispensable for researchers, doctoral students, and sophisticated practitioners and also for anybody curious and interested on the matter.” (Manuel Alberto M. Ferreira, Acta Scientia et Intellectus, Vol. 1 (3), 2015)

From the Publisher