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Statistical Approaches To Stock Management
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Book Synopsis Best Practice in Inventory Management by : Antony Wild
Download or read book Best Practice in Inventory Management written by Antony Wild and published by Routledge. This book was released on 2002 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covering both the principles and practice of stock control, Antony Wild's guide presents practical ideas for businesses that need to improve their control and reduce their excessive inventories.
Book Synopsis Best Practice in Inventory Management by : Tony Wild
Download or read book Best Practice in Inventory Management written by Tony Wild and published by Routledge. This book was released on 2007-06-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good management of inventory enables companies to improve their customer service, cash flow and profitability. 'Best Practice in Inventory Management' outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to produce the desired effect in practice. The book shows how inventory management techniques can be used in a wide variety of situations, particularly in stores where the inventory can be anything from fast moving products to slow moving spares. The discussion extends across distribution warehousing and manufacturers' operations. The text is based on best theory and practice, which has been gradually developed by the inventory management profession over the years. It covers the inventory control aspects included in the courses for the DPIM, COM, DLM, CPIM and other professional and academic qualifications. Readers develop their understanding of stock control by seeing the techniques explained logically and learn how inventory structuring, individual item control, forecasting and co-ordination provide the base for logistics management. This new edition has been up-dated throughout and the final chapter, The Future - Inventory and Logistics, has been re-written to reflect the developing applications of technology and changes in focus.
Book Synopsis Advanced Statistical Methods by : Sahana Prasad
Download or read book Advanced Statistical Methods written by Sahana Prasad and published by Springer Nature. This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Distribution Planning and Control by : David F. Ross
Download or read book Distribution Planning and Control written by David F. Ross and published by Springer Science & Business Media. This book was released on 2011-06-27 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: When work began on the first volume ofthis text in 1992, the science of dis tribution management was still very much a backwater of general manage ment and academic thought. While most of the body of knowledge associated with calculating EOQs, fair-shares inventory deployment, productivity curves, and other operations management techniques had long been solidly established, new thinking about distribution management had taken a definite back-seat to the then dominant interest in Lean thinking, quality management, and business process reengineering and their impact on manufacturing and service organizations. For the most part, discussion relating to the distri bution function centered on a fairly recent concept called Logistics Manage ment. But, despite talk of how logistics could be used to integrate internal and external business functions and even be considered a source of com petitive advantage on its own, most of the focus remained on how companies could utilize operations management techniques to optimize the traditional day-to-day shipping and receiving functions in order to achieve cost contain ment and customer fulfillment objectives. In the end, distribution manage ment was, for the most part, still considered a dreary science, concerned with oftransportation rates and cost trade-offs. expediting and the tedious calculus Today, the science of distribution has become perhaps one of the most im portant and exciting disciplines in the management of business.
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.
Book Synopsis Inventory Management Insights by : Mansoor Muallim
Download or read book Inventory Management Insights written by Mansoor Muallim and published by M M Info Care. This book was released on 101-01-01 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1: The Foundations of Inventory Management Characters: Jammy (Expert) and Canny (Enthusiast) Jammy: Hey there, Canny! I'm excited to share some valuable insights about inventory management with you today. It's a crucial aspect of any business, and I'm sure you'll find it fascinating. Canny: Hi, Jammy! I'm really eager to learn more. So, what exactly is inventory management? Jammy: Great question, Canny! Inventory management involves efficiently handling a company's stock of goods to ensure smooth operations. It's all about striking the right balance between having enough products to meet customer demand while avoiding overstocking that ties up unnecessary capital. Canny: I see. So, why is it essential for businesses? Jammy: Well, effective inventory management brings several benefits. First and foremost, it helps businesses maintain customer satisfaction. When you have products readily available, you can fulfill orders promptly, leading to happy customers. Moreover, it reduces holding costs, which are the expenses associated with storing excess inventory. Canny: That makes sense. How do companies decide how much inventory to carry? Jammy: Good question! There are various factors that influence this decision. One crucial aspect is demand forecasting. By analyzing historical sales data and market trends, businesses can estimate future demand and plan their inventory accordingly. Canny: Is there a specific method for managing different types of products? Jammy: Absolutely! Not all products are equal. Businesses often categorize their inventory based on demand and value. This categorization helps them apply appropriate management techniques. For instance, high-value items may require closer monitoring and tighter controls. Canny: Interesting! Are there any popular inventory control models? Jammy: Yes, indeed! One of the widely used models is the Economic Order Quantity (EOQ) model. It calculates the optimal order quantity that minimizes total inventory costs, including ordering and holding costs. Canny: Is there any way to handle unpredictable demand? Jammy: Definitely! Safety stock comes into play here. It's the buffer inventory kept to tackle unexpected spikes in demand or delays in supply. Safety stock acts as an insurance against stockouts. Canny: That sounds important. How can technology help with inventory management? Jammy: Technology plays a significant role in modern inventory management. Businesses use specialized software to automate various processes, such as order processing, tracking, and forecasting. This streamlines operations and enhances accuracy. Canny: Thanks for sharing all this valuable information, Jammy. It's been really enlightening. Jammy: You're welcome, Canny! Inventory management is an ever-evolving field, and there's always something new to learn. I'm glad I could help satisfy your thirst for knowledge! Key Takeaways: Inventory management is about efficiently handling a company's stock of goods to meet customer demand while minimizing holding costs. Demand forecasting is crucial for determining the right inventory levels. Categorizing inventory based on demand and value helps tailor management techniques. The Economic Order Quantity (EOQ) model is widely used for inventory control. Safety stock acts as a buffer against unexpected fluctuations in demand or supply. Technology, such as inventory management software, plays a significant role in streamlining processes and improving accuracy.
Book Synopsis Statistical Models and Methods for Financial Markets by : Tze Leung Lai
Download or read book Statistical Models and Methods for Financial Markets written by Tze Leung Lai and published by Springer Science & Business Media. This book was released on 2008-09-08 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea of writing this bookarosein 2000when the ?rst author wasassigned to teach the required course STATS 240 (Statistical Methods in Finance) in the new M. S. program in ?nancial mathematics at Stanford, which is an interdisciplinary program that aims to provide a master’s-level education in applied mathematics, statistics, computing, ?nance, and economics. Students in the programhad di?erent backgroundsin statistics. Some had only taken a basic course in statistical inference, while others had taken a broad spectrum of M. S. - and Ph. D. -level statistics courses. On the other hand, all of them had already taken required core courses in investment theory and derivative pricing, and STATS 240 was supposed to link the theory and pricing formulas to real-world data and pricing or investment strategies. Besides students in theprogram,thecoursealso attractedmanystudentsfromother departments in the university, further increasing the heterogeneity of students, as many of them had a strong background in mathematical and statistical modeling from the mathematical, physical, and engineering sciences but no previous experience in ?nance. To address the diversity in background but common strong interest in the subject and in a potential career as a “quant” in the ?nancialindustry,thecoursematerialwascarefullychosennotonlytopresent basic statistical methods of importance to quantitative ?nance but also to summarize domain knowledge in ?nance and show how it can be combined with statistical modeling in ?nancial analysis and decision making. The course material evolved over the years, especially after the second author helped as the head TA during the years 2004 and 2005.
Book Synopsis A Sampling of Quantitative Methods for Managers by :
Download or read book A Sampling of Quantitative Methods for Managers written by and published by . This book was released on 1986 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Book Synopsis ASFIS Subject Caregories [i.e. Categories] and Scope Descriptions, ASFIS Guidelines for Subject Categorization and Indexing by :
Download or read book ASFIS Subject Caregories [i.e. Categories] and Scope Descriptions, ASFIS Guidelines for Subject Categorization and Indexing written by and published by . This book was released on 1979 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Newsletter written by and published by . This book was released on 1969 with total page 856 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Distribution written by David F. Ross and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been said that every generation of historians seeks to rewrite what a previous generation had established as the standard interpretations of the motives and circumstances shaping the fabric of historical events. It is not that the facts of history have changed. No one will dispute that the battle of Waterloo occurred on June 11, 1815 or that the allied invasion of Europe began on June 6, 1944. What each new age of historians are attempting to do is to reinterpret the motives of men and the force of circumstance impacting the direction of past events based on the factual, social, intellectual, and cultural milieu of their own generation. By examining the facts of history from a new perspective, today's historians hope to reveal some new truth that will not only illuminate the course of history but also validate contempo rary values and societal ideals. Although it is true that tackling the task of developing a new text on logistics and distribution channel management focuses less on schools of philosophical and social analysis and more on the calculus of managing sales campaigns, inventory replenishment, and income statements, the goal of the management scientist, like the historian, is to merge the facts and figures of the discipline with today's organizational, cultural, and economic realities. Hopefully, the result will be a new synthesis, where a whole new perspective will break forth, exposing new directions and opportunities.
Book Synopsis Research Methods in Geography by : Basil Gomez
Download or read book Research Methods in Geography written by Basil Gomez and published by John Wiley & Sons. This book was released on 2010-06-29 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive textbook offers a conceptual and practicalintroduction to research methodology, data collection, andtechniques used in both human and physical geography. Explores a full range of contemporary geographic techniques,including statistics, mathematical analysis, GIS, and remotesensing Unique in both content and organization, it brings together ateam of internationally recognized specialists to create a balancedapproach between physical geography, human geography, and researchtechniques Includes a series of foundational chapters offering multipleperspectives on the central questions in research methods Examines the conceptual frameworks and practical issues behinddata acquisition and analysis, and how to interpret results Includes explanations of key terminology and exercisesthroughout
Book Synopsis Improving Fish Stock Assessments by : National Research Council
Download or read book Improving Fish Stock Assessments written by National Research Council and published by National Academies Press. This book was released on 1998-02-27 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ocean harvests have plateaued worldwide and many important commercial stocks have been depleted. This has caused great concern among scientists, fishery managers, the fishing community, and the public. This book evaluates the major models used for estimating the size and structure of marine fish populations (stock assessments) and changes in populations over time. It demonstrates how problems that may occur in fisheries dataâ€"for example underreporting or changes in the likelihood that fish can be caught with a given type of gearâ€"can seriously degrade the quality of stock assessments. The volume makes recommendations for means to improve stock assessments and their use in fishery management.
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.
Book Synopsis Mathematical and Statistical Methods for Actuarial Sciences and Finance by : Marco Corazza
Download or read book Mathematical and Statistical Methods for Actuarial Sciences and Finance written by Marco Corazza and published by Springer. This book was released on 2018-07-17 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: The interaction between mathematicians, statisticians and econometricians working in actuarial sciences and finance is producing numerous meaningful scientific results. This volume introduces new ideas, in the form of four-page papers, presented at the international conference Mathematical and Statistical Methods for Actuarial Sciences and Finance (MAF), held at Universidad Carlos III de Madrid (Spain), 4th-6th April 2018. The book covers a wide variety of subjects in actuarial science and financial fields, all discussed in the context of the cooperation between the three quantitative approaches. The topics include: actuarial models; analysis of high frequency financial data; behavioural finance; carbon and green finance; credit risk methods and models; dynamic optimization in finance; financial econometrics; forecasting of dynamical actuarial and financial phenomena; fund performance evaluation; insurance portfolio risk analysis; interest rate models; longevity risk; machine learning and soft-computing in finance; management in insurance business; models and methods for financial time series analysis, models for financial derivatives; multivariate techniques for financial markets analysis; optimization in insurance; pricing; probability in actuarial sciences, insurance and finance; real world finance; risk management; solvency analysis; sovereign risk; static and dynamic portfolio selection and management; trading systems. This book is a valuable resource for academics, PhD students, practitioners, professionals and researchers, and is also of interest to other readers with quantitative background knowledge.
Book Synopsis Production and Inventory Management by :
Download or read book Production and Inventory Management written by and published by . This book was released on 1982 with total page 1034 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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