Overview
- End of chapter problems, with solutions in appendix
- Improved and simplified explanations throughout the book
- Axsäter is a giant in the field with many years’ experience in academic and professional capacities
- Includes supplementary material: sn.pub/extras
Part of the book series: International Series in Operations Research & Management Science (ISOR, volume 225)
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Table of contents (11 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners. It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning. It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation. The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation.
Other topics covered in Inventory Control include: alternative forecasting techniques, 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 transshipments and on remanufacturing, coordination and contracts. As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.
Reviews
“The book is well structured and written with care. … Numerous examples and problems to solve (given at the end of each chapter) facilitate deep understanding of the theoretical foundations and help in following the associated mathematics. A particularly attractive aspect of the presented material is its giving precise indications for the industry practitioners about application of the discussed methods and algorithms in real systems.” (Przemysław Ignaciuk, Mathematical Reviews, May, 2017)
“An outstanding text in inventory control, fitting all pedagogic and scientific targets. Indispensable for researchers, doctoral students, and sophisticated practitioners and also for anybody curious and interested on the matter.” (Manuel Alberto M. Ferreira, Acta Scientia et Intellectus, Vol. 1 (3), 2015)
Authors and Affiliations
About the author
The main focus of Sven Axsäter's research has been production and inventory control. Past and current interests include: hierarchical production planning, lot sizing and most recently multi-echelon inventory systems. He has published numerous papers in the leading journals in his research area. Sven Axsäter has also served in an editorial capacity in various journals, including many years of service as Associate Editor of both Operations Research and Management Science.
Sven Axsäter has been President of the International Society of Inventory Research and Vice President of the Production and Operations Management Society. In 2005 he was awarded the Harold Larnder Memorial Prize by the Canadian Operational Research Society for distinguished international achievement in Operational Research. He received the MSOM Distinguished Fellow Award in 2008.
In addition, he has a vast consulting experience in the inventory management area. He has implemented inventory control in several companies and has also developed software for commercial inventory control systems.
Bibliographic Information
Book Title: Inventory Control
Authors: Sven Axsäter
Series Title: International Series in Operations Research & Management Science
DOI: https://doi.org/10.1007/978-3-319-15729-0
Publisher: Springer Cham
eBook Packages: Business and Economics, Business and Management (R0)
Copyright Information: Springer International Publishing Switzerland 2015
Hardcover ISBN: 978-3-319-15728-3Published: 15 July 2015
Softcover ISBN: 978-3-319-33060-0Published: 15 October 2016
eBook ISBN: 978-3-319-15729-0Published: 06 July 2015
Series ISSN: 0884-8289
Series E-ISSN: 2214-7934
Edition Number: 3
Number of Pages: XIII, 268
Number of Illustrations: 50 b/w illustrations
Topics: Operations Research/Decision Theory, Operations Management