Optimal Inventory Modeling of Systems
Optimal Inventory Modeling of Systems

Author: Craig C. Sherbrooke

Publisher: Springer Science & Business Media

Published: 2006-04-11

Total Pages: 350

ISBN-13: 140207865X

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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.

Inventory Management in Multi-Echelon Networks
Inventory Management in Multi-Echelon Networks

Author: Christopher Grob

Publisher: Springer

Published: 2018-08-14

Total Pages: 153

ISBN-13: 3658233753

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Inventory Management in Multi-Echelon Networks presents methods to plan inventory in distribution networks. By holistically looking at the supply chain, it shows how safety stocks across all echelons can be optimized if inventory of all levels is taken into consideration. The gap between the existence of advanced inventory planning methods and their low penetration in the industry was the motivation for this book. Christopher Grob develops essential algorithms that companies can use for network inventory planning and highlights achievable implementation benefits. The work of the author was inspired by the needs of an after sales supply chain of a large automotive company. This company supplies customers all over the world with spare parts and operates a distribution network with more than 100 warehouses. This supply chain faces two particular challenges: demand is highly uncertain and customers expect a high service level. About the Author Christopher Grob works in after sales supply chain management at a major German automotive company. He is responsible for the functional development of inventory planning systems for the spare parts business. He is an expert in the field of inventory management.

Research Handbook on Inventory Management
Research Handbook on Inventory Management

Author: Jing-Sheng J. Song

Publisher: Edward Elgar Publishing

Published: 2023-08-14

Total Pages: 565

ISBN-13: 180037710X

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This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.

Inventory Control
Inventory Control

Author: Sven Axsäter

Publisher: Springer

Published: 2015-07-06

Total Pages: 271

ISBN-13: 3319157299

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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.

Optimal Control and Optimization of Stochastic Supply Chain Systems
Optimal Control and Optimization of Stochastic Supply Chain Systems

Author: Dong-Ping Song

Publisher: Springer Science & Business Media

Published: 2012-11-29

Total Pages: 282

ISBN-13: 1447147243

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Optimal Control and Optimization of Stochastic Supply Chain Systems examines its subject the context of the presence of a variety of uncertainties. Numerous examples with intuitive illustrations and tables are provided, to demonstrate the structural characteristics of the optimal control policies in various stochastic supply chains and to show how to make use of these characteristics to construct easy-to-operate sub-optimal policies. In Part I, a general introduction to stochastic supply chain systems is provided. Analytical models for various stochastic supply chain systems are formulated and analysed in Part II. In Part III the structural knowledge of the optimal control policies obtained in Part II is utilized to construct easy-to-operate sub-optimal control policies for various stochastic supply chain systems accordingly. Finally, Part IV discusses the optimisation of threshold-type control policies and their robustness. A key feature of the book is its tying together of the complex analytical models produced by the requirements of operational practice, and the simple solutions needed for implementation. The analytical models and theoretical analysis propounded in this monograph will be of benefit to academic researchers and graduate students looking at logistics and supply chain management from standpoints in operations research or industrial, manufacturing, or control engineering. The practical tools and solutions and the qualitative insights into the ideas underlying functional supply chain systems will be of similar use to readers from more industrially-based backgrounds.

Supply Chain Coordination under Uncertainty
Supply Chain Coordination under Uncertainty

Author: Tsan-Ming Choi

Publisher: Springer Science & Business Media

Published: 2011-08-14

Total Pages: 651

ISBN-13: 3642192572

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Channel coordination is a core subject of supply chain management. Over the past decade, much research effort has been devoted to exploring the detailed mechanisms for achieving supply chain coordination under uncertainty, generating many fruitful analytical and empirical results. Despite the abundance of research results, there is an absence of a comprehensive reference source that provides state-of-the-art findings on both theoretical and applied research on the subject. In addition, with the advance of knowledge and technologies, many new topics on supply chain coordination under uncertainty have appeared in recent years. This handbook extensively examines supply chain coordination challenges with a focal point on discovering innovative measures that can help tackle the existing and emerging challenges. The book is organized into five parts, which include chapters on innovative analytical models for coordination, channel power and bargaining, technological advancements and applications, empirical analysis, cases studies and review. This handbook provides new empirical and analytical results with precious insights, which will not only help supply chain agents to understand more about the latest measures for supply chain coordination under uncertainty, but also help practitioners and researchers to know how to improve supply chain performance based on innovative methods.

Integration of AI and OR Techniques in Constraint Programming for Combinatorial Optimization Problems
Integration of AI and OR Techniques in Constraint Programming for Combinatorial Optimization Problems

Author: Jean-Charles Régin

Publisher: Springer Science & Business Media

Published: 2004-04-07

Total Pages: 429

ISBN-13: 354021836X

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This book constitutes the refereed proceedings of the First International Conference on Integration of AI and OR Techniques in Constraint Programming for Combinatorial Optimization Problems, CPAIOR 2004, held in Nice, France in April 2004. The 23 revised full papers and 7 revised short papers presented together with an invited talk were carefully reviewed and selected from 56 submissions. Methodological and foundational issues from AI, OR, and algorithmics are presented as well as applications to the solution of combinatorial optimization problems in various fields via constraint programming.

Encyclopedia of Optimization
Encyclopedia of Optimization

Author: Christodoulos A. Floudas

Publisher: Springer Science & Business Media

Published: 2008-09-04

Total Pages: 4646

ISBN-13: 0387747583

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The goal of the Encyclopedia of Optimization is to introduce the reader to a complete set of topics that show the spectrum of research, the richness of ideas, and the breadth of applications that has come from this field. The second edition builds on the success of the former edition with more than 150 completely new entries, designed to ensure that the reference addresses recent areas where optimization theories and techniques have advanced. Particularly heavy attention resulted in health science and transportation, with entries such as "Algorithms for Genomics", "Optimization and Radiotherapy Treatment Design", and "Crew Scheduling".

Inventory Analytics
Inventory Analytics

Author: Horst Tempelmeier

Publisher: BoD – Books on Demand

Published: 2020-06-02

Total Pages: 290

ISBN-13: 375193071X

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This textbook provides a practice-oriented introduction into Analytics-based inventory management in complex supply chains. In the context of Business Analytics, we concentrate on Prescriptive Analytics. In addition to standard single-level inventory models also multi-level approaches for the optimal allocation of safety inventory are presented. Moreover, dynamic lot sizing problems under random demand and random yield and their relationship to Material Requirements Planning (MRP) are discussed.The models and algorithms are illustrated with the help of numerous examples. The book has been written for students of Supply Chain Management and Operations Management as well as for practitioners who are confronted with inventory management in their daily work.

Integer Programming and Combinatorial Optimization
Integer Programming and Combinatorial Optimization

Author: George Nemhauser

Publisher: Springer

Published: 2004-07-27

Total Pages: 453

ISBN-13: 3540259600

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This volume contains the papers accepted for publication at IPCO X, the Tenth International Conference on Integer Programming and Combinatorial Optimization, held in New York City, New York, USA, June 7-11, 2004. The IPCO series of conferences presents recent results in theory, computation and applications of integer programming and combinatorial optimization. These conferences are sponsored by the Mathematical Programming Society, and are held in those years in which no International Symposium on Mathematical Programming takes place. IPCO VIII was held in Utrecht (The Netherlands) and IPCO IX was held in Cambridge (USA). A total of 109 abstracts, mostly of very high quality, were submitted. The Program Committee accepted 32, in order to meet the goal of having three days of talks with no parallel sessions. Thus, many excellent abstracts could not be accepted. The papers in this volume have not been refereed. It is expected that revised versions of the accepted papers will be submitted to standard scientific journals for publication. The Program Committee thanks all authors of submitted manuscripts for their support of IPCO. March 2004 George Nemhauser Daniel Bienstock Organization IPCO X was hosted by the Computational Optimization Research Center (CORC), Columbia University.