Periodic Review Inventory Systems

Performance Analysis and Optimization of Inventory Systems within Supply Chains

Business & Finance, Management & Leadership, Operations Research, Production & Operations Management
Cover of the book Periodic Review Inventory Systems by Thomas Wensing, Springer Berlin Heidelberg
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Author: Thomas Wensing ISBN: 9783642204791
Publisher: Springer Berlin Heidelberg Publication: June 26, 2011
Imprint: Springer Language: English
Author: Thomas Wensing
ISBN: 9783642204791
Publisher: Springer Berlin Heidelberg
Publication: June 26, 2011
Imprint: Springer
Language: English

The focus of the work is twofold. First, it provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Second, it includes a comprehensive study on analytical and optimization aspects of a specific class of those systems. For the latter purpose, general solution methods for problems of inventory management in discrete time are described and developed along with highly specialized methods to solve very specific problems related to the model variants examined. The work is thus addressed to students and practitioners who seek a deeper understanding of managing inventories in discrete time as well as to software developers who require implementation aids on specific problems of inventory management.

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The focus of the work is twofold. First, it provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Second, it includes a comprehensive study on analytical and optimization aspects of a specific class of those systems. For the latter purpose, general solution methods for problems of inventory management in discrete time are described and developed along with highly specialized methods to solve very specific problems related to the model variants examined. The work is thus addressed to students and practitioners who seek a deeper understanding of managing inventories in discrete time as well as to software developers who require implementation aids on specific problems of inventory management.

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