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Decision Making in Inventory Management

Decision Making in Inventory Management PDF Author: Nita H. Shah
Publisher: Springer Nature
ISBN: 9811617295
Category : Business & Economics
Languages : en
Pages : 237

Book Description
This book provides several inventory models for making the right decision in inventory management under different environments. Basically, the optimal ordering policies are determined for situations with and without shortages in production-inventory systems. The chapters in the book include various features of inventory modeling i.e., inflation, deterioration, supply chain, learning, credit financing, carbon emission policy, stock-dependent demand, among others. The book is a useful resource for academicians, researchers, students, practitioners, and managers who can be benefited with the policies provided in the chapters of the book.

Decision Making in Inventory Management

Decision Making in Inventory Management PDF Author: Nita H. Shah
Publisher: Springer Nature
ISBN: 9811617295
Category : Business & Economics
Languages : en
Pages : 237

Book Description
This book provides several inventory models for making the right decision in inventory management under different environments. Basically, the optimal ordering policies are determined for situations with and without shortages in production-inventory systems. The chapters in the book include various features of inventory modeling i.e., inflation, deterioration, supply chain, learning, credit financing, carbon emission policy, stock-dependent demand, among others. The book is a useful resource for academicians, researchers, students, practitioners, and managers who can be benefited with the policies provided in the chapters of the book.

Decision Rules for Inventory Management

Decision Rules for Inventory Management PDF Author: Robert Goodell Brown
Publisher: New York, Holt, Rinehart and Winston [1967]
ISBN:
Category : Inventories
Languages : en
Pages : 424

Book Description
Textbook on aspects of management in the manufacturing industry, with particular reference to control and management of the inventory - comprises simulation exercises based on decision making methodology in the USA, and covers input output and cost factors, aspects of accounting, factors of supply and demand, theoretical and mathematics aspects of inventory control, stock investment, production capacity planning, etc. Flow diagrams, and references.

Inventory Management and Decision Making

Inventory Management and Decision Making PDF Author: Ashokkumar Patel
Publisher:
ISBN: 9781508712503
Category :
Languages : en
Pages : 92

Book Description
reference book for commerece

Decision Systems for Inventory Management and Production Planning

Decision Systems for Inventory Management and Production Planning PDF Author: Edward A. Silver
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 760

Book Description
An in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public. Strategic and operational issues are covered, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning, and PUSH Control. A series of cases focusing on one organization complement the text's discussion, and several problem sets are also included. An extensive list of references allows the advanced student to pursue topics of interest in more detail.

Optimization and Inventory Management

Optimization and Inventory Management PDF Author: Nita H. Shah
Publisher: Springer Nature
ISBN: 9811396981
Category : Business & Economics
Languages : en
Pages : 470

Book Description
This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game theory approaches, genetic algorithms, and data mining, as well as research on big data applications for inventory management and control. Starting from deterministic inventory models, the book moves towards advanced inventory models. The content is divided into eight major sections: inventory control and management – inventory models with trade credit financing for imperfect quality items; environmental impact on ordering policies; impact of learning on the supply chain models; EOQ models considering warehousing; optimal ordering policies with data mining and PSO techniques; supply chain models in fuzzy environments; optimal production models for multi-items and multi-retailers; and a marketing model to understand buying behaviour. Given its scope, the book offers a valuable resource for practitioners, instructors, students and researchers alike. It also offers essential insights to help retailers/managers improve business functions and make more accurate and realistic decisions.

Inventory Management

Inventory Management PDF Author: John D. Demaree
Publisher:
ISBN:
Category : Inventories
Languages : en
Pages : 404

Book Description


Navy Inventory Management Decision-Making

Navy Inventory Management Decision-Making PDF Author: Steven D. MacDonald
Publisher:
ISBN: 9781423572428
Category :
Languages : en
Pages : 85

Book Description
The General Accounting Office (GAO) has stated that the Department of Defense (DoD) believes it is better to overbuy inventory items than to manage with just the right amount of stock. This thesis asserts that Navy inventory managers do not have a general tendency to overbuy items, but rather make rational purchasing decisions influenced and motivated by the environment of rewards and penalties in which they work. It is also asserted that Navy inventory managers are risk adverse due to the nature of their environment. Personal stockout costs are examined as one of the key factors influencing decision-making and risk adverse behavior. This thesis introduces a conceptual model that describes the Navy inventory management decision-making environment. This model shows the relationship between personal stockout costs, required service levels, cost considerations, and planning horizons across the different decision-making levels in the Navy. This study concludes that readiness-based performance measures must be changed to incorporate a cost focus, and that the risk facing inventory managers due to personal stockout costs needs to be reduced to change their behavior of lower inventory levels are desired.

Some Effects of Computers on Decision-making for Dynamic Inventory Management

Some Effects of Computers on Decision-making for Dynamic Inventory Management PDF Author: Laverne Alvah Cox
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages : 800

Book Description


Decision Systems for Inventory Management and Production Planning

Decision Systems for Inventory Management and Production Planning PDF Author: Edward A. Silver
Publisher:
ISBN: 9780471547846
Category : Decision making
Languages : en
Pages : 722

Book Description
Presenting an in-depth discussion of the major inventory and production decisions faced by both private and public organizations, this book also covers the latest decision-making systems, such as Just-in-Time Manufacturing, KANBAN, Distribution

Management Accounting Concepts Related to Decision Making about Business Inventories

Management Accounting Concepts Related to Decision Making about Business Inventories PDF Author: George Ival Prater
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 450

Book Description