Inventory Models

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Optimal Inventory Modeling of Systems

Author : Craig C. Sherbrooke
Publisher : Springer Science & Business Media
ISBN 13 : 140207865X
Total Pages : 350 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Optimal Inventory Modeling of Systems by : Craig C. Sherbrooke

Download or read book Optimal Inventory Modeling of Systems written by Craig C. Sherbrooke and published by Springer Science & Business Media. This book was released on 2006-04-11 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Optimization

Author : Nicolas Vandeput
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110673940
Total Pages : 318 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis Inventory Optimization by : Nicolas Vandeput

Download or read book Inventory Optimization written by Nicolas Vandeput and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-08-24 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter.

Markovian Demand Inventory Models

Author : Dirk Beyer
Publisher : Springer Science & Business Media
ISBN 13 : 0387716041
Total Pages : 260 pages
Book Rating : 4.3/5 (877 download)

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Book Synopsis Markovian Demand Inventory Models by : Dirk Beyer

Download or read book Markovian Demand Inventory Models written by Dirk Beyer and published by Springer Science & Business Media. This book was released on 2009-10-03 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides a superbly researched insight into Markovian demand inventory models. The result of ten years of research, this work covers all aspects of demand inventory where they are modeled by Markov processes. Inventory management is concerned with matching supply with demand and is a central problem in Operations Management. The central problem is to find the amount to be produced or purchased in order to maximize the total expected profit, or minimize the total expected cost.

Inventory Control Models with Motivational Policies

Author : Ata Allah Taleizadeh
Publisher : Springer
ISBN 13 : 331972715X
Total Pages : 317 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Inventory Control Models with Motivational Policies by : Ata Allah Taleizadeh

Download or read book Inventory Control Models with Motivational Policies written by Ata Allah Taleizadeh and published by Springer. This book was released on 2018-02-13 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the different motivational policies used for inventory management. In many competitive markets, sellers use motivational policies to encourage the customers to buy more and these kinds of strategies are used as competitive tools. This book brings together all the motivational policies for lot sizing decisions and offers a useful guide for inventory control. Each chapter applies deterministic inventory models such as economic order quantity (EOQ) and economic production quantity (EPQ), but also stochastic models for the motivational policy covered. The book begins exploring quantity discounts such as all-unit and incremental discounts. It then looks at delayed payment or trade credit policies that are applied by many suppliers and/or wholesalers to increase their sales. The motivational policies covered in the following chapters are dedicated to advance payment/prepayment schemes and also special sales offered by retailers to increase sales levels or decrease the inventory level. Finally the book concludes with a review of announced price increases, which persuades customers to buy a product at the current price, rather than paying more for it in the future. Inventory Control Models with Motivational Policies should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.

Inventory Analytics

Author : Roberto Rossi
Publisher : Open Book Publishers
ISBN 13 : 180064177X
Total Pages : 184 pages
Book Rating : 4.8/5 (6 download)

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Book Synopsis Inventory Analytics by : Roberto Rossi

Download or read book Inventory Analytics written by Roberto Rossi and published by Open Book Publishers. This book was released on 2021-05-24 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for deterministic inventory control. It further discusses predictive analytics techniques for demand forecasting in inventory control and also examines prescriptive analytics models for stochastic inventory control. Inventory Analytics is the first book of its kind to adopt a practicable, Python-driven approach to illustrating theories and concepts via computational examples, with each model covered in the book accompanied by its Python code. Originating as a collection of self-contained lectures, Inventory Analytics will be an indispensable resource for practitioners, researchers, teachers, and students alike.

The Microstructure of Financial Markets

Author : Frank de Jong
Publisher : Cambridge University Press
ISBN 13 : 1139478443
Total Pages : 209 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis The Microstructure of Financial Markets by : Frank de Jong

Download or read book The Microstructure of Financial Markets written by Frank de Jong and published by Cambridge University Press. This book was released on 2009-05-14 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of the microstructure of financial markets has been one of the most important areas of research in finance and has allowed scholars and practitioners alike to have a much more sophisticated understanding of the dynamics of price formation in financial markets. Frank de Jong and Barbara Rindi provide an integrated graduate level textbook treatment of the theory and empirics of the subject, starting with a detailed description of the trading systems on stock exchanges and other markets and then turning to economic theory and asset pricing models. Special attention is paid to models explaining transaction costs, with a treatment of the measurement of these costs and the implications for the return on investment. The final chapters review recent developments in the academic literature. End-of-chapter exercises and downloadable data from the book's companion website provide opportunities to revise and apply models developed in the text.

Handbook of EOQ Inventory Problems

Author : Tsan-Ming Choi
Publisher : Springer Science & Business Media
ISBN 13 : 1461476399
Total Pages : 281 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Handbook of EOQ Inventory Problems by : Tsan-Ming Choi

Download or read book Handbook of EOQ Inventory Problems written by Tsan-Ming Choi and published by Springer Science & Business Media. This book was released on 2013-08-17 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic Order Quantity (EOQ) inventory model first appeared in 1913, and in its centennial, it is still one of the most important inventory models. Despite the abundance of both classical and new research results, there was (until now) no comprehensive reference source that provides the state-of-the-art findings on both theoretical and applied research on the EOQ and its related models. This edited handbook puts together all these interesting works and the respective insights into an edited volume. The handbook contains papers which explore both the deterministic and the stochastic EOQ-model based problems and applications. It is organized into three parts: Part I presents three papers that provide an introduction and review of various EOQ related models. Part II includes four technical analyses on single-echelon EOQ-model based inventory problems. Part III consists of five papers on applications of the EOQ model for multi-echelon supply chain inventory analysis.

Foundations of Stochastic Inventory Theory

Author : Evan L. Porteus
Publisher : Stanford University Press
ISBN 13 : 9780804743990
Total Pages : 330 pages
Book Rating : 4.7/5 (439 download)

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Book Synopsis Foundations of Stochastic Inventory Theory by : Evan L. Porteus

Download or read book Foundations of Stochastic Inventory Theory written by Evan L. Porteus and published by Stanford University Press. This book was released on 2002 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has a dual purpose?serving as an advanced textbook designed to prepare doctoral students to do research on the mathematical foundations of inventory theory, and as a reference work for those already engaged in such research. All chapters conclude with exercises that either solidify or extend the concepts introduced.

Inventory Models and the Problems of Price Fluctuations

Author : Avadh Behari Lal
Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Inventory Models and the Problems of Price Fluctuations by : Avadh Behari Lal

Download or read book Inventory Models and the Problems of Price Fluctuations written by Avadh Behari Lal and published by . This book was released on 1981 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Rational Expectations Equilibrium Inventory Model

Author : Tryphon Kollintzas
Publisher : Springer Science & Business Media
ISBN 13 : 1468463748
Total Pages : 278 pages
Book Rating : 4.4/5 (684 download)

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Book Synopsis The Rational Expectations Equilibrium Inventory Model by : Tryphon Kollintzas

Download or read book The Rational Expectations Equilibrium Inventory Model written by Tryphon Kollintzas and published by Springer Science & Business Media. This book was released on 2013-03-08 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume consists of six essays that develop and/or apply "rational expectations equilibrium inventory models" to study the time series behavior of production, sales, prices, and inventories at the industry level. By "rational expectations equilibrium inventory model" I mean the extension of the inventory model of Holt, Modigliani, Muth, and Simon (1960) to account for: (i) discounting, (ii) infinite horizon planning, (iii) observed and unobserved by the "econometrician" stochastic shocks in the production, factor adjustment, storage, and backorders management processes of firms, as well as in the demand they face for their products; and (iv) rational expectations. As is well known according to the Holt et al. model firms hold inventories in order to: (a) smooth production, (b) smooth production changes, and (c) avoid stockouts. Following the work of Zabel (1972), Maccini (1976), Reagan (1982), and Reagan and Weitzman (1982), Blinder (1982) laid the foundations of the rational expectations equilibrium inventory model. To the three reasons for holding inventories in the model of Holt et al. was added (d) optimal pricing. Moreover, the popular "accelerator" or "partial adjustment" inventory behavior equation of Lovell (1961) received its microfoundations and thus overcame the "Lucas critique of econometric modelling.

FME 2001: Formal Methods for Increasing Software Productivity

Author : Jose N. Oliveira
Publisher : Springer Science & Business Media
ISBN 13 : 9783540417910
Total Pages : 1052 pages
Book Rating : 4.4/5 (179 download)

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Book Synopsis FME 2001: Formal Methods for Increasing Software Productivity by : Jose N. Oliveira

Download or read book FME 2001: Formal Methods for Increasing Software Productivity written by Jose N. Oliveira and published by Springer Science & Business Media. This book was released on 2001-02-28 with total page 1052 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the International Symposium of Formal Methods Europe, FME 2001, held in Berlin, Germany, in March 2001. The 32 revised full papers presented together with abstracts of three invited talks were carefully reviewed and selected from a total of 72 submissions. Focusing on increasing software productivity, all current aspects in formal methods are covered. Among the application areas addressed are avionics, smart cards, financial engineering, E-commerce, middleware, security, telecommunications, etc.

Applied Probability and Stochastic Processes

Author : V. C. Joshua
Publisher : Springer Nature
ISBN 13 : 9811559511
Total Pages : 521 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Applied Probability and Stochastic Processes by : V. C. Joshua

Download or read book Applied Probability and Stochastic Processes written by V. C. Joshua and published by Springer Nature. This book was released on 2020-08-29 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers selected papers presented at the International Conference on Advances in Applied Probability and Stochastic Processes, held at CMS College, Kerala, India, on 7–10 January 2019. It showcases high-quality research conducted in the field of applied probability and stochastic processes by focusing on techniques for the modelling and analysis of systems evolving with time. Further, it discusses the applications of stochastic modelling in queuing theory, reliability, inventory, financial mathematics, operations research, and more. This book is intended for a broad audience, ranging from researchers interested in applied probability, stochastic modelling with reference to queuing theory, inventory, and reliability, to those working in industries such as communication and computer networks, distributed information systems, next-generation communication systems, intelligent transportation networks, and financial markets.

XIII Balkan Conference on Operational Research Proceedings

Author : Dragana Makajić-Nikolić
Publisher : FON
ISBN 13 : 8680593648
Total Pages : 437 pages
Book Rating : 4.6/5 (85 download)

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Book Synopsis XIII Balkan Conference on Operational Research Proceedings by : Dragana Makajić-Nikolić

Download or read book XIII Balkan Conference on Operational Research Proceedings written by Dragana Makajić-Nikolić and published by FON. This book was released on 2018-06-10 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Analysis of Water Resource Systems

Author : L. Votruba
Publisher : Elsevier
ISBN 13 : 0080870236
Total Pages : 455 pages
Book Rating : 4.0/5 (88 download)

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Book Synopsis Analysis of Water Resource Systems by : L. Votruba

Download or read book Analysis of Water Resource Systems written by L. Votruba and published by Elsevier. This book was released on 1988-09-01 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water resource systems research provides a basis for rational water management in large basins. The design and operation of water resource systems are both the most complicated and the most important tasks of water management. This book deals with the basic issues involved in the application of systems sciences to water management.A survey of the systems sciences (the general systems theory, cybernetics, systems engineering, operations research and systems analysis) is presented, as well as the methods for water resource systems analysis and for water resource systems analysis and for their evaluation. The mathematical methods used in systems theory have been given detailed treatment. Linear and dynamic programming have been used as models of optimal programming. Since many practical tasks require the simulation models of water resource systems, apart from their principles and a detailed description, the simulation language for computing programming has been included. Other methods of operations research and their application to water resource systems have been analysed and evaluated. Some of these are: models of inventory theory, models of queuing theory, graphs, network analysis, and some special methods like the out-of-kilter algorithm, the chance-constrained model and the chance-constrained model combined with the simluation model. One chapter is devoted to information and information systems in water management. The final part of the book deals with prospects for water resource systems development.The book is intended for engineers and decision-makers involved in projects, operation and research. However, it can be used by students in high schools, technical universities and by graduate students. It will serve as an up-to-date source of information about the principles and methodology of water resource analysis and design.

Encyclopedia of Business Analytics and Optimization

Author : Wang, John
Publisher : IGI Global
ISBN 13 : 1466652039
Total Pages : 2862 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Encyclopedia of Business Analytics and Optimization by : Wang, John

Download or read book Encyclopedia of Business Analytics and Optimization written by Wang, John and published by IGI Global. This book was released on 2014-02-28 with total page 2862 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the age of Big Data emerges, it becomes necessary to take the five dimensions of Big Data- volume, variety, velocity, volatility, and veracity- and focus these dimensions towards one critical emphasis - value. The Encyclopedia of Business Analytics and Optimization confronts the challenges of information retrieval in the age of Big Data by exploring recent advances in the areas of knowledge management, data visualization, interdisciplinary communication, and others. Through its critical approach and practical application, this book will be a must-have reference for any professional, leader, analyst, or manager interested in making the most of the knowledge resources at their disposal.

Operations, Logistics and Supply Chain Management

Author : Henk Zijm
Publisher : Springer
ISBN 13 : 3319924478
Total Pages : 728 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Operations, Logistics and Supply Chain Management by : Henk Zijm

Download or read book Operations, Logistics and Supply Chain Management written by Henk Zijm and published by Springer. This book was released on 2018-08-29 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of important trends and developments in logistics and supply chain research, making them available to practitioners, while also serving as a point of reference for academicians. Operations and logistics are cornerstones of modern supply chains that in turn are essential for global business and economics. The composition, character and importance of supply chains and networks are rapidly changing, due to technological innovations such as Information and Communication Technologies, Sensors and Robotics, Internet of Things, and Additive Manufacturing, to name a few (often referred to as Industry 4.0). Societal developments such as environmental consciousness, urbanization or the optimal use of scarce resources are also impacting how supply chain networks are configured and operated. As a result, future supply chains will not just be assessed in terms of cost-effectiveness and speed, but also the need to satisfy agility, resilience and sustainability requirements. To face these challenges, an understanding of the basic as well as more advanced concepts and recent innovations is essential in building competitive and sustainable supply chains and, as part of that, logistics and operations. These span multiple disciplines and geographies, making them interdisciplinary and international. Therefore, this book contains contributions and views from a variety of experts from multiple countries, and combines management, engineering as well as basic information technology and social concepts. In particular, it aims to: provide a comprehensive guide for all relevant and major logistics, operations, and supply chain management topics in teaching and business practice address three levels of expertise, i.e., concepts and principles at a basic (undergraduate, BS) level, more advanced topics at a graduate level (MS), and finally recent (state-of-the-art) developments at a research level. In particular the latter serve to present a window on current and future (potential) logistics innovations in the different thematic fields for both researchers and top business practitioners integrate a textbook approach with matching case studies for effective teaching and learning discuss multiple international perspectives in order to represent adequately the true global nature of operations, logistics and supply chains.

Handbook of Research on Mathematical Modeling for Smart Healthcare Systems

Author : Samanta, Debabrata
Publisher : IGI Global
ISBN 13 : 1668445824
Total Pages : 503 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Handbook of Research on Mathematical Modeling for Smart Healthcare Systems by : Samanta, Debabrata

Download or read book Handbook of Research on Mathematical Modeling for Smart Healthcare Systems written by Samanta, Debabrata and published by IGI Global. This book was released on 2022-06-24 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in healthcare technologies have offered real-time guidance and technical assistance for diagnosis, monitoring, operation, and interventions. The development of artificial intelligence, machine learning, internet of things technology, and smart computing techniques are crucial in today’s healthcare environment as they provide frictionless and transparent financial transactions and improve the overall healthcare experience. This, in turn, has far-reaching effects on economic, psychological, educational, and organizational improvements in the way we work, teach, learn, and provide care. These advances must be studied further in order to ensure they are adapted and utilized appropriately. The Handbook of Research on Mathematical Modeling for Smart Healthcare Systems presents the latest research findings, ideas, innovations, developments, and applications in the field of modeling for healthcare systems. Furthermore, it presents the application of innovative techniques to complex problems in the case of healthcare. Covering a range of topics such as artificial intelligence, deep learning, and personalized healthcare services, this reference work is crucial for engineers, healthcare professionals, researchers, academicians, scholars, practitioners, instructors, and students.