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Inventory Control

  • Textbook
  • Nov 2010

Overview

Authors:
  1. Sven Axsäter

    1. Lund University, Lund, Sweden

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  • The second edition of Inventory Control incorporates several new topics. The additions include: alternative forecasting techniques, more material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral trans-shipments and on remanufacturing, coordination and contracts
  • There are eleven chapters in the second edition compared to six in the previous version. The explanations of different results are more detailed, and a considerable number of exercises have been added
  • Includes supplementary material: sn.pub/extras

Part of the book series: International Series in Operations Research & Management Science (ISOR, volume 90)

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Introduction

    Pages 1-6

  3. Forecasting

    Pages 7-42

  4. Costs and Concepts

    Pages 43-50

  5. Single-Echelon Systems: Deterministic Lot Sizing

    Pages 51-75

  6. Single-Echelon Systems: Reorder Points

    Pages 77-128

  7. Single-Echelon Systems: Integration - Optimality

    Pages 129-148

  8. Coordinated Ordering

    Pages 149-185

  9. Multi-Echelon Systems: Structures and Ordering Policies

    Pages 187-219

  10. Multi-Echelon Systems: Lot Sizing

    Pages 221-245

  11. Multi-Echelon Systems: Reorder Points

    Pages 247-293

  12. Implementation

    Pages 295-307

  13. Back Matter

    Pages 309-332
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Keywords

About this book

Modem information technology has created new possibihties for more so­ phisticated and efficient control of supply chains. Most organizations can re­ duce their costs associated with the flow of materials substantially. Inventory control techniques are very important components in this development proc­ ess. A thorough understanding of relevant inventory models is a prerequisite for successful implementation. I hope that this book will be a useful tool in acquiring such an understanding. The book is primarily intended as a course textbook. It assumes that the reader has a good basic knowledge of mathematics and probability theory, and is therefore most suitable for industrial engineering and management science/operations research students. The book can be used both in under­ graduate and more advanced graduate courses. About fifteen years ago I wrote a Swedish book on inventory control. This book is still used in courses in production and inventory control at sev­ eral Swedish engineering schools and has also been appreciated by many practitioners in the field. Positive reactions from many readers made me contemplate writing a new book in English on the same subject. Encourag­ ing support of this idea from the Springer Editors Fred Hillier and Gary F- ven finally convinced me to go ahead with that project six years ago.

Reviews

From the reviews of the second edition:

"This book states clearly the role of inventory control in supply chain management. … The author has done an excellent job in bringing practice and theory together for the benefit of researchers, students, and professionals. I recommend the book highly … . Thus, it is an excellent resource for any supply chain, inventory-management, or production-management professional." (Benjamin Botchway, Interfaces, Vol. 37 (6), 2007)

Authors and Affiliations

  • Lund University, Lund, Sweden

    Sven Axsäter

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