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Inventory control

Author: Sven Axsäter
Publisher: New York : Springer, ©2006.
Series: International series in operations research & management science, 90.
Edition/Format:   eBook : Document : English : 2nd edView all editions and formats
Publication:Springer e-books
Summary:
The strategic importance of efficient Supply Chain Management is today fully recognized by top management. The total investment in inventories is enormous, and the control of capital tied up in raw material, work-in-progress, and finished goods offers an important potential for improvement. At the same time, advances in information technology have drastically changed the possibilities to apply improved inventory  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Axsäter, Sven, 1941-
Inventory control.
New York : Springer, ©2006
(DLC) 2006922871
(OCoLC)68570808
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Sven Axsäter
ISBN: 9780387333311 0387333312 0387332502 9780387332505 6610613958 9786610613953
OCLC Number: 262826280
Description: 1 online resource (xvi, 332 pages) : illustrations.
Contents: Cover --
CONTENTS --
Preface --
1 INTRODUCTION --
1.1 Importance and objectives of inventory control --
1.2 Overview and purpose of the book --
1.3 Framework --
References --
2 FORECASTING --
2.1 Objectives and approaches --
2.2 Demand models --
2.2.1 Constant model --
2.2.2 Trend model --
2.2.3 Trend-seasonal model --
2.2.4 Choosing demand model --
2.3 Moving average --
2.4 Exponential smoothing --
2.4.1 Updating procedure --
2.4.2 Comparing exponential smoothing to a moving average --
2.4.3 Practical considerations and an example --
2.5 Exponential smoothing with trend --
2.5.1 Updating procedure --
2.5.2 Practical considerations and an example --
2.6 Winters' trend-seasonal method --
2.6.1 Updating procedure --
2.6.2 Practical considerations and an example --
2.7 Using regression analysis --
2.7.1 Forecasting demand for a trend model --
2.7.2 Practical considerations and an example --
2.7.3 Forecasts based on other factors --
2.7.4 More general regression models --
2.8 Sporadic demand --
2.9 Box-Jenkins techniques --
2.10 Forecast errors --
2.10.1 Common error measures --
2.10.2 Updating MAD or s2 --
2.10.3 Determining the standard deviation as a function of demand --
2.10.4 Forecast errors for other time periods --
2.10.5 Sales data instead of demand data --
2.11 Monitoring forecasts --
2.11.1 Checking demand --
2.11.2 Checking that the forecast represents the mean --
2.12 Manual forecasts --
References --
Problems --
3 COSTS AND CONCEPTS --
3.1 Considered costs and other assumptions --
3.1.1 Holding costs --
3.1.2 Ordering or setup costs --
3.1.3 Shortage costs or service constraints --
3.1.4 Other costs and assumptions --
3.2 Different ordering systems --
3.2.1 Inventory position --
3.2.2 Continuous or periodic review --
3.2.3 Different ordering policies --
References --
4 SINGLE-ECHELON SYSTEMS: DETERMINISTIC LOT SIZING --
4.1 The classical economic order quantity model --
4.1.1 Optimal order quantity --
4.1.2 Sensitivity analysis --
4.1.3 Reorder point --
4.2 Finite production rate --
4.3 Quantity discounts --
4.4 Backorders allowed --
4.5 Time-varying demand --
4.6 The Wagner-Whitin algorithm --
4.7 The Silver-Meal heuristic --
4.8 A heuristic that balances holding and ordering costs --
4.9 Exact or approximate solution --
References --
Problems --
5 SINGLE-ECHELON SYSTEMS: REORDER POINTS --
5.1 Discrete stochastic demand --
5.1.1 Compound Poisson demand --
5.1.2 Logarithmic compounding distribution --
5.1.3 Geometric compounding distribution --
5.1.4 Smooth demand --
5.1.5 Fitting discrete demand distributions in practice --
5.2 Continuous stochastic demand --
5.
Series Title: International series in operations research & management science, 90.
Responsibility: by Sven Axsäter.
More information:

Abstract:

Deals with a range of different approaches and models that can be used when developing inventory management systems and practices. This book shows how advances in information technology have  Read more...

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From the reviews of the second edition: "This book states clearly the role of inventory control in supply chain management. ... The author has done an excellent job in bringing practice and theory Read more...

 
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