Optimal Inventory Policies When The Demand Distribution Is Not Known

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Optimal Inventory Policies when the Demand Distribution is not Known

Author : Mr.Sunil Sharma
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451859300
Total Pages : 0 pages
Book Rating : 4.8/5 (593 download)

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Book Synopsis Optimal Inventory Policies when the Demand Distribution is not Known by : Mr.Sunil Sharma

Download or read book Optimal Inventory Policies when the Demand Distribution is not Known written by Mr.Sunil Sharma and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the stochastic inventory control problem when the demand distribution is not known. In contrast to previous Bayesian inventory models, this paper adopts a non-parametric Bayesian approach in which the firm’s prior information is characterized by a Dirichlet process prior. This provides considerable freedom in the specification of prior information about demand and it permits the accommodation of fixed order costs. As information on the demand distribution accumulates, optimal history-dependent (s,S) rules are shown to converge to an (s,S) rule that is optimal when the underlying demand distribution is known.

Operations and Production Systems with Multiple Objectives

Author : Behnam Malakooti
Publisher : John Wiley & Sons
ISBN 13 : 0470037326
Total Pages : 1114 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Operations and Production Systems with Multiple Objectives by : Behnam Malakooti

Download or read book Operations and Production Systems with Multiple Objectives written by Behnam Malakooti and published by John Wiley & Sons. This book was released on 2014-02-03 with total page 1114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first comprehensive book to uniquely combine the three fields of systems engineering, operations/production systems, and multiple criteria decision making/optimization Systems engineering is the art and science of designing, engineering, and building complex systems—combining art, science, management, and engineering disciplines. Operations and Production Systems with Multiple Objectives covers all classical topics of operations and production systems as well as new topics not seen in any similiar textbooks before: small-scale design of cellular systems, large-scale design of complex systems, clustering, productivity and efficiency measurements, and energy systems. Filled with completely new perspectives, paradigms, and robust methods of solving classic and modern problems, the book includes numerous examples and sample spreadsheets for solving each problem, a solutions manual, and a book companion site complete with worked examples and supplemental articles. Operations and Production Systems with Multiple Objectives will teach readers: How operations and production systems are designed and planned How operations and production systems are engineered and optimized How to formulate and solve manufacturing systems problems How to model and solve interdisciplinary and systems engineering problems How to solve decision problems with multiple and conflicting objectives This book is ideal for senior undergraduate, MS, and PhD graduate students in all fields of engineering, business, and management as well as practitioners and researchers in systems engineering, operations, production, and manufacturing.

Optimal Inventory Policies when the Demand Distribution is Not Known

Author : C. Erik Larson
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Optimal Inventory Policies when the Demand Distribution is Not Known by : C. Erik Larson

Download or read book Optimal Inventory Policies when the Demand Distribution is Not Known written by C. Erik Larson and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inventory and Production Management in Supply Chains

Author : Edward A. Silver
Publisher : CRC Press
ISBN 13 : 1466558628
Total Pages : 810 pages
Book Rating : 4.4/5 (665 download)

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Book Synopsis Inventory and Production Management in Supply Chains by : Edward A. Silver

Download or read book Inventory and Production Management in Supply Chains written by Edward A. Silver and published by CRC Press. This book was released on 2016-12-19 with total page 810 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries.

Research Handbook on Inventory Management

Author : Jing-Sheng J. Song
Publisher : Edward Elgar Publishing
ISBN 13 : 180037710X
Total Pages : 565 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Research Handbook on Inventory Management by : Jing-Sheng J. Song

Download or read book Research Handbook on Inventory Management written by Jing-Sheng J. Song and published by Edward Elgar Publishing. This book was released on 2023-08-14 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Management

Author : G.P. Kiesmüller
Publisher : BoD – Books on Demand
ISBN 13 : 3759769276
Total Pages : 384 pages
Book Rating : 4.7/5 (597 download)

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Book Synopsis Inventory Management by : G.P. Kiesmüller

Download or read book Inventory Management written by G.P. Kiesmüller and published by BoD – Books on Demand. This book was released on 2024-08-16 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains several topics of inventory management where the focus is on cycle and safety stocks in different situations. In order to make well-founded statements, mathematical models are used. The chosen models are simple and certainly cover only some aspects of real life. However, they are very valuable in understanding tradeoffs and identifying the essential factors affecting stock levels. Moreover, they can be used to support decision-making and optimize stock levels.

Naval Research Logistics Quarterly

Author :
Publisher :
ISBN 13 :
Total Pages : 1262 pages
Book Rating : 4.U/5 (183 download)

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Book Synopsis Naval Research Logistics Quarterly by :

Download or read book Naval Research Logistics Quarterly written by and published by . This book was released on 1968 with total page 1262 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Decision Criteria and Optimal Inventory Processes

Author : Baoding Liu
Publisher : Springer Science & Business Media
ISBN 13 : 146155151X
Total Pages : 220 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Decision Criteria and Optimal Inventory Processes by : Baoding Liu

Download or read book Decision Criteria and Optimal Inventory Processes written by Baoding Liu and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision Criteria and Optimal Inventory Processes provides a theoretical and practical introduction to decision criteria and inventory processes. Inventory theory is presented by focusing on the analysis and processes underlying decision criteria. Included are many state-of-the-art criterion models as background material. These models are extended to the authors' newly developed fuzzy criterion models which constitute a general framework for the study of stochastic inventory models with special focus on the real world inventory theoretic reservoir operations problems. The applications of fuzzy criterion dynamic programming models are illustrated by reservoir operations including the integrated network of reservoir operation and the open inventory network problems. An interesting feature of this book is the special attention it pays to the analysis of some theoretical and applied aspects of fuzzy criteria and dynamic fuzzy criterion models, thus opening up a new way of injecting the much-needed type of non-cost, intuitive, and easy-to-use methods into multi-stage inventory processes. This is accomplished by constructing and optimizing the fuzzy criterion models developed for inventory processes. Practitioners in operations research, management science, and engineering will find numerous new ideas and strategies for modeling real world multi- stage inventory problems, and researchers and applied mathematicians will find this work a stimulating and useful reference.

Working Paper

Author :
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Working Paper by :

Download or read book Working Paper written by and published by . This book was released on 1979 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Operations Research Proceedings 2003

Author : Dino Ahr
Publisher : Springer Science & Business Media
ISBN 13 : 3642170226
Total Pages : 504 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis Operations Research Proceedings 2003 by : Dino Ahr

Download or read book Operations Research Proceedings 2003 written by Dino Ahr and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains a selection of papers referring to lectures presented at the symposium "Operations Research 2003" (OR03) held at the Ruprecht Karls-Universitiit Heidelberg, September 3 - 5, 2003. This international con ference took place under the auspices of the German Operations Research So ciety (GOR) and of Dr. Erwin Teufel, prime minister of Baden-Wurttemberg. The symposium had about 500 participants from countries all over the world. It attracted academians and practitioners working in various field of Opera tions Research and provided them with the most recent advances in Opera tions Research and related areas in Economics, Mathematics, and Computer Science. The program consisted of 4 plenary and 13 semi-plenary talks and more than 300 contributed papers selected by the program committee to be presented in 17 sections. Due to a limited number of pages available for the proceedings volume, the length of each article as well as the total number of accepted contributions had to be restricted. Submitted manuscripts have therefore been reviewed and 62 of them have been selected for publication. This refereeing procedure has been strongly supported by the section chairmen and we would like to express our gratitude to them. Finally, we also would like to thank Dr. Werner Muller from Springer-Verlag for his support in publishing this proceedings volume.

Successful Strategies in Supply Chain Management

Author : Chi-Kin Chan
Publisher : IGI Global
ISBN 13 : 1591403057
Total Pages : 258 pages
Book Rating : 4.5/5 (914 download)

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Book Synopsis Successful Strategies in Supply Chain Management by : Chi-Kin Chan

Download or read book Successful Strategies in Supply Chain Management written by Chi-Kin Chan and published by IGI Global. This book was released on 2005-01-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The information age we are living in makes it almost impossible for any organization to stick to the traditional ways of doing business. Organizations with a better handle on their supply chains can gain a distinct competitive advantage in today's market place. As a result, supply chain management has become vital; not just for success, but for survival in this new economy. Successful Strategies in Supply Chain Management examines this critical topic from all aspects. At the heart of the book is providing the tools and techniques for organizations to streamline their supply chain.

Retail Analytics

Author : Anna-Lena Sachs
Publisher : Springer
ISBN 13 : 3319133055
Total Pages : 126 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Retail Analytics by : Anna-Lena Sachs

Download or read book Retail Analytics written by Anna-Lena Sachs and published by Springer. This book was released on 2014-12-10 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scanner systems can be used to improve inventory decisions, and develops a data-driven approach that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations. Using linear programming, a new inventory function that reflects the causal relationship between demand and external factors such as price and weather is proposed. The book subsequently demonstrates the benefits of this new approach in numerical studies that utilize real data collected at a large European retail chain. Furthermore, the book derives an optimal inventory policy for a multi-product setting in which the decision-maker faces an aggregated service level target, and analyzes whether the decision-maker is subject to behavioral biases based on real data for bakery products.

Annual Department of Defense Bibliography of Logistics Studies and Related Documents

Author : United States. Defense Logistics Studies Information Exchange
Publisher :
ISBN 13 :
Total Pages : 982 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Annual Department of Defense Bibliography of Logistics Studies and Related Documents by : United States. Defense Logistics Studies Information Exchange

Download or read book Annual Department of Defense Bibliography of Logistics Studies and Related Documents written by United States. Defense Logistics Studies Information Exchange and published by . This book was released on 1965 with total page 982 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Supply Chain Optimization, Management and Integration: Emerging Applications

Author : Wang, John
Publisher : IGI Global
ISBN 13 : 1609601378
Total Pages : 418 pages
Book Rating : 4.6/5 (96 download)

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Book Synopsis Supply Chain Optimization, Management and Integration: Emerging Applications by : Wang, John

Download or read book Supply Chain Optimization, Management and Integration: Emerging Applications written by Wang, John and published by IGI Global. This book was released on 2010-11-30 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our rapidly changing world has forced business practitioners, in corporation with academic researchers, to respond quickly and develop effective solution methodologies and techniques to handle new challenges in supply chain systems. Supply Chain Optimization, Management and Integration: Emerging Applications presents readers with a rich collection of ideas from researchers who are bridging the gap between the latest in information technology and supply chain management. This book includes theoretical, analytical, and empirical research, comprehensive reviews of relevant research, and case studies of effective applications in the field of SCM. The use of new technologies, methods, and techniques are emphasized by those who have worked with supply chain management across the world for those in the field of information systems.

Operations Research and Big Data

Author : Ana Paula Ferreira Dias Barbosa Póvoa
Publisher : Springer
ISBN 13 : 3319241540
Total Pages : 255 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Operations Research and Big Data by : Ana Paula Ferreira Dias Barbosa Póvoa

Download or read book Operations Research and Big Data written by Ana Paula Ferreira Dias Barbosa Póvoa and published by Springer. This book was released on 2015-09-11 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of Operations Research (OR) requires constant improvements, such as the integration of research results with business applications and innovative educational practice. The full deployment and commercial exploitation of goods and services generally need the construction of strong synergies between educational institutions and businesses. The IO2015 -XVII Congress of APDIO aims at strengthening the knowledge triangle in education, research and innovation, in order to maximize the contribution of OR for sustainable growth, the promoting of a knowledge-based economy, and the smart use of finite resources. The IO2015-XVII Congress of APDIO is a privileged meeting point for the promotion and dissemination of OR and related disciplines, through the exchange of ideas among teachers, researchers, students , and professionals with different background, but all sharing a common desire that is the development of OR.

Operational Research

Author : João Paulo Almeida
Publisher : Springer
ISBN 13 : 3319203282
Total Pages : 467 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Operational Research by : João Paulo Almeida

Download or read book Operational Research written by João Paulo Almeida and published by Springer. This book was released on 2015-10-01 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents selected contributions by top researchers in the field of operations research, originating from the XVI Congress of APDIO. It provides interesting findings and applications of operations research methods and techniques in a wide variety of problems. The contributions address complex real-world problems, including inventory management with lateral transshipments, sectors and routes in solid-waste collection and production planning for perishable food products. It also discusses the latest techniques, making the volume a valuable tool for researchers, students and practitioners who wish to learn about current trends. Of particular interest are the applications of nonlinear and mixed-integer programming, data envelopment analysis, clustering techniques, hybrid heuristics, supply chain management and lot sizing, as well as job scheduling problems. This biennial conference, organized by APDIO, the Portuguese Association of Operational Research, held in Bragança, Portugal, in June 2013, presented a perfect opportunity to discuss the latest development in this field and to narrow the gap between academic researchers and practitioners.