Simple Analytical Models For Perishable Inventory Systems

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Simple Analytical Models for Perishable Inventory Systems

Author : Stephen C. Graves
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Simple Analytical Models for Perishable Inventory Systems by : Stephen C. Graves

Download or read book Simple Analytical Models for Perishable Inventory Systems written by Stephen C. Graves and published by . This book was released on 1978 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops three distinct models for studying perishable inventory systems. The perishable items have a deterministic usable life after which they must be outdated. For each of the models, analytical expressions are found for steady-state distributions which characterize the inventory systems. Knowledge of this steady-state behavior may be used for evaluation of system performance, and for consideration of alternatives for improving system performance. The first model considered assumes that both the demand process and the inventory replenishment process are stochastic processes that may be modelled as Poisson processes. The second and third model assume that inventory is replenished by a constant production process. The second model, assuming continuous inventory units, has Poisson demand requests with the size of each request distributed as an exponential random variable. The third model has Poisson demand requests with all demands being for a single unit. (Author).

Perishable Inventory Systems

Author : Steven Nahmias
Publisher : Springer Science & Business Media
ISBN 13 : 1441979999
Total Pages : 89 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Perishable Inventory Systems by : Steven Nahmias

Download or read book Perishable Inventory Systems written by Steven Nahmias and published by Springer Science & Business Media. This book was released on 2011-05-17 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: A perishable item is one that has constant utility up until an expiration date (which may be known or uncertain), at which point the utility drops to zero. This includes many types of packaged foods such as milk, cheese, processed meats, and canned goods. It also includes virtually all pharmaceuticals and photographic film, as well as whole blood supplies. This book is the first devoted solely to perishable inventory systems. The book’s ten chapters first cover the preliminaries of periodic review versus continuous review and look at a one-period newsvendor perishable inventory model. The author moves to the basic multiperiod dynamic model, and then considers the extensions of random lifetime, inclusion of a set-up cost, and multiproduct models of perishables. A chapter on continuous review models looks at one-for-one policies, models with zero lead time, optimal policies with positive lead time, and an alternative approach. Additional chapters present material on approximate order policies, inventory depletion management, and deterministic models, including the basic EOQ model with perishability and the dynamic deterministic model with perishability. Finally, chapters explore decaying inventories, queues with impatient customers, and blood bank inventory control. Anyone researching perishable inventory systems will find much to work with here. Practitioners and consultants will also now have a single well-referenced source of up-to-date information to work with.

Analytical Models for Performance Evaluation of Production-inventory Systems

Author : Shankar Sivaramakrishnan
Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (46 download)

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Book Synopsis Analytical Models for Performance Evaluation of Production-inventory Systems by : Shankar Sivaramakrishnan

Download or read book Analytical Models for Performance Evaluation of Production-inventory Systems written by Shankar Sivaramakrishnan and published by . This book was released on 1998 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Analysis of Inventory Systems

Author : George F Hadley
Publisher :
ISBN 13 : 9781258234157
Total Pages : 464 pages
Book Rating : 4.2/5 (341 download)

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Book Synopsis Analysis of Inventory Systems by : George F Hadley

Download or read book Analysis of Inventory Systems written by George F Hadley and published by . This book was released on 2012-03-01 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Basic Inventory Systems: Concepts and Analysis

Author : Robert Stansbury Stockton
Publisher :
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Basic Inventory Systems: Concepts and Analysis by : Robert Stansbury Stockton

Download or read book Basic Inventory Systems: Concepts and Analysis written by Robert Stansbury Stockton and published by . This book was released on 1965 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Management Science

Author :
Publisher :
ISBN 13 :
Total Pages : 626 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Management Science by :

Download or read book Management Science written by and published by . This book was released on 2000-05 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues for Feb. 1965-Aug. 1967 include Bulletin of the Institute of Management Sciences.

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.

Periodic Review Inventory Systems

Author : Thomas Wensing
Publisher : Springer Science & Business Media
ISBN 13 : 3642204791
Total Pages : 159 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis Periodic Review Inventory Systems by : Thomas Wensing

Download or read book Periodic Review Inventory Systems written by Thomas Wensing and published by Springer Science & Business Media. This book was released on 2011-06-26 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Enterprise Information Systems and Implementing IT Infrastructures: Challenges and Issues

Author : Parthasarathy, S.
Publisher : IGI Global
ISBN 13 : 1615206264
Total Pages : 504 pages
Book Rating : 4.6/5 (152 download)

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Book Synopsis Enterprise Information Systems and Implementing IT Infrastructures: Challenges and Issues by : Parthasarathy, S.

Download or read book Enterprise Information Systems and Implementing IT Infrastructures: Challenges and Issues written by Parthasarathy, S. and published by IGI Global. This book was released on 2010-03-31 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book aims at identifying potential research problems and issues in the EIS such as Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM)"--Provided by publisher.

Influencing Customer Demand

Author : Mahya Hemmati
Publisher : CRC Press
ISBN 13 : 1000406962
Total Pages : 298 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Influencing Customer Demand by : Mahya Hemmati

Download or read book Influencing Customer Demand written by Mahya Hemmati and published by CRC Press. This book was released on 2021-07-21 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s competitive markets, considering the demand and the supply chain sides is crucial to keeping revenue and customer satisfaction maximized. Managing and planning demand play a vital role in the sustainability of a company. This is the first book to the discuss managerial, mathematical, and conceptual framework of influencing factors on demand along with accurate mathematical analyses to evaluate and raise revenue. The book provides an understanding of the key elements that impact buyer demand. It presents the mathematical relationship between the influencing factors and the demand functions. It discusses the methods used for inspiring demand, how to measure demand dependency on components such as price, quality, and inventory, and it helps management improve alignment between supply and demand by affecting the level and understanding of the role within supply chain management (SCM). This book is applicable for the professional as well as for academia. It can help those working in SCM, project management, production, inventory control, scheduling, engineering management, retail management, and operations management.

Decision Sciences

Author : Raghu Nandan Sengupta
Publisher : CRC Press
ISBN 13 : 1351727400
Total Pages : 936 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Decision Sciences by : Raghu Nandan Sengupta

Download or read book Decision Sciences written by Raghu Nandan Sengupta and published by CRC Press. This book was released on 2016-11-30 with total page 936 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook is an endeavour to cover many current, relevant, and essential topics related to decision sciences in a scientific manner. Using this handbook, graduate students, researchers, as well as practitioners from engineering, statistics, sociology, economics, etc. will find a new and refreshing paradigm shift as to how these topics can be put to use beneficially. Starting from the basics to advanced concepts, authors hope to make the readers well aware of the different theoretical and practical ideas, which are the focus of study in decision sciences nowadays. It includes an excellent bibliography/reference/journal list, information about a variety of datasets, illustrated pseudo-codes, and discussion of future trends in research. Covering topics ranging from optimization, networks and games, multi-objective optimization, inventory theory, statistical methods, artificial neural networks, times series analysis, simulation modeling, decision support system, data envelopment analysis, queueing theory, etc., this reference book is an attempt to make this area more meaningful for varied readers. Noteworthy features of this handbook are in-depth coverage of different topics, solved practical examples, unique datasets for a variety of examples in the areas of decision sciences, in-depth analysis of problems through colored charts, 3D diagrams, and discussions about software.

Principles of Inventory Management

Author : John A. Muckstadt
Publisher : Springer Science & Business Media
ISBN 13 : 0387689486
Total Pages : 339 pages
Book Rating : 4.3/5 (876 download)

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Book Synopsis Principles of Inventory Management by : John A. Muckstadt

Download or read book Principles of Inventory Management written by John A. Muckstadt and published by Springer Science & Business Media. This book was released on 2010-03-20 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventories are prevalent everywhere in the commercial world, whether it be in retail stores, manufacturing facilities, government stockpile material, Federal Reserve banks, or even your own household. This textbook examines basic mathematical techniques used to sufficiently manage inventories by using various computational methods and mathematical models. The text is presented in a way such that each section can be read independently, and so the order in which the reader approaches the book can be inconsequential. It contains both deterministic and stochastic models along with algorithms that can be employed to find solutions to a variety of inventory control problems. With exercises at the end of each chapter and a clear, systematic exposition, this textbook will appeal to advanced undergraduate and first-year graduate students in operations research, industrial engineering, and quantitative MBA programs. It also serves as a reference for professionals in both industry and government worlds. The prerequisite courses include introductory optimization methods, probability theory (non-measure theoretic), and stochastic processes.

Naval Research Logistics Quarterly

Author :
Publisher :
ISBN 13 :
Total Pages : 744 pages
Book Rating : 4.3/5 (91 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 1980 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inventory Systems of Deteriorating Items

Author : Vinod Kumar Mishra
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659211560
Total Pages : 140 pages
Book Rating : 4.2/5 (115 download)

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Book Synopsis Inventory Systems of Deteriorating Items by : Vinod Kumar Mishra

Download or read book Inventory Systems of Deteriorating Items written by Vinod Kumar Mishra and published by LAP Lambert Academic Publishing. This book was released on 2012-08 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to the study of inventory systems with special focus on deteriorating items inventory. Inventory System is one of the main stream of the Operations Research which is essential in business enterprises and Industries. Interest in the subject is constantly increasing, and its development in recent years closely parallels the development of operations research in general. Some authors even claim that "More operations research has been directed towards inventory control than toward any other problem area in business and industry" and among these the deteriorating items inventory have gain large emphasis in last decade. This book contains basic terminology of inventory systems, brief history and different inventory model of deteriorating items inventory with some realistic assumptions. This book should be useful to post graduate and research student in industrial engineering, production engineering, operations research, management science, business administration and related field.

Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems

Author : Alexandre Dolgui
Publisher : Springer Nature
ISBN 13 : 3030859142
Total Pages : 662 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems by : Alexandre Dolgui

Download or read book Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems written by Alexandre Dolgui and published by Springer Nature. This book was released on 2021-09-01 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt: The five-volume set IFIP AICT 630, 631, 632, 633, and 634 constitutes the refereed proceedings of the International IFIP WG 5.7 Conference on Advances in Production Management Systems, APMS 2021, held in Nantes, France, in September 2021.* The 378 papers presented were carefully reviewed and selected from 529 submissions. They discuss artificial intelligence techniques, decision aid and new and renewed paradigms for sustainable and resilient production systems at four-wall factory and value chain levels. The papers are organized in the following topical sections: Part I: artificial intelligence based optimization techniques for demand-driven manufacturing; hybrid approaches for production planning and scheduling; intelligent systems for manufacturing planning and control in the industry 4.0; learning and robust decision support systems for agile manufacturing environments; low-code and model-driven engineering for production system; meta-heuristics and optimization techniques for energy-oriented manufacturing systems; metaheuristics for production systems; modern analytics and new AI-based smart techniques for replenishment and production planning under uncertainty; system identification for manufacturing control applications; and the future of lean thinking and practice Part II: digital transformation of SME manufacturers: the crucial role of standard; digital transformations towards supply chain resiliency; engineering of smart-product-service-systems of the future; lean and Six Sigma in services healthcare; new trends and challenges in reconfigurable, flexible or agile production system; production management in food supply chains; and sustainability in production planning and lot-sizing Part III: autonomous robots in delivery logistics; digital transformation approaches in production management; finance-driven supply chain; gastronomic service system design; modern scheduling and applications in industry 4.0; recent advances in sustainable manufacturing; regular session: green production and circularity concepts; regular session: improvement models and methods for green and innovative systems; regular session: supply chain and routing management; regular session: robotics and human aspects; regular session: classification and data management methods; smart supply chain and production in society 5.0 era; and supply chain risk management under coronavirus Part IV: AI for resilience in global supply chain networks in the context of pandemic disruptions; blockchain in the operations and supply chain management; data-based services as key enablers for smart products, manufacturing and assembly; data-driven methods for supply chain optimization; digital twins based on systems engineering and semantic modeling; digital twins in companies first developments and future challenges; human-centered artificial intelligence in smart manufacturing for the operator 4.0; operations management in engineer-to-order manufacturing; product and asset life cycle management for smart and sustainable manufacturing systems; robotics technologies for control, smart manufacturing and logistics; serious games analytics: improving games and learning support; smart and sustainable production and supply chains; smart methods and techniques for sustainable supply chain management; the new digital lean manufacturing paradigm; and the role of emerging technologies in disaster relief operations: lessons from COVID-19 Part V: data-driven platforms and applications in production and logistics: digital twins and AI for sustainability; regular session: new approaches for routing problem solving; regular session: improvement of design and operation of manufacturing systems; regular session: crossdock and transportation issues; regular session: maintenance improvement and lifecycle management; regular session: additive manufacturing and mass customization; regular session: frameworks and conceptual modelling for systems and services efficiency; regular session: optimization of production and transportation systems; regular session: optimization of supply chain agility and reconfigurability; regular session: advanced modelling approaches; regular session: simulation and optimization of systems performances; regular session: AI-based approaches for quality and performance improvement of production systems; and regular session: risk and performance management of supply chains *The conference was held online.

Modeling and Analysis of Stochastic Systems, Third Edition

Author : Vidyadhar G. Kulkarni
Publisher : CRC Press
ISBN 13 : 1498756727
Total Pages : 495 pages
Book Rating : 4.4/5 (987 download)

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Book Synopsis Modeling and Analysis of Stochastic Systems, Third Edition by : Vidyadhar G. Kulkarni

Download or read book Modeling and Analysis of Stochastic Systems, Third Edition written by Vidyadhar G. Kulkarni and published by CRC Press. This book was released on 2016-11-18 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on the author’s more than 35 years of teaching experience, Modeling and Analysis of Stochastic Systems, Third Edition, covers the most important classes of stochastic processes used in the modeling of diverse systems. For each class of stochastic process, the text includes its definition, characterization, applications, transient and limiting behavior, first passage times, and cost/reward models. The third edition has been updated with several new applications, including the Google search algorithm in discrete time Markov chains, several examples from health care and finance in continuous time Markov chains, and square root staffing rule in Queuing models. More than 50 new exercises have been added to enhance its use as a course text or for self-study. The sequence of chapters and exercises has been maintained between editions, to enable those now teaching from the second edition to use the third edition. Rather than offer special tricks that work in specific problems, this book provides thorough coverage of general tools that enable the solution and analysis of stochastic models. After mastering the material in the text, readers will be well-equipped to build and analyze useful stochastic models for real-life situations.