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Inventory Parameters

  • Book
  • © 2017

Overview

Authors:
  1. Sanjay Sharma

    1. National Institute of Industrial Engineering (NITIE), Mumbai, India

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  • Describes how a good understanding of inventory parameters helps make inventory management more effective
  • Offers examples and case illustrations in various sectors to explain the estimation and analysis of different parameters
  • Written in a simple and lucid style, it offers a valuable resource for Master of Business Administration (MBA) students
  • Includes supplementary material: sn.pub/extras

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xi
    Download chapter PDF

  2. Introduction

    • Sanjay Sharma
    Pages 1-23

  3. Demand

    • Sanjay Sharma
    Pages 25-44

  4. Ordering Cost

    • Sanjay Sharma
    Pages 45-69

  5. Inventory Carrying Cost

    • Sanjay Sharma
    Pages 71-110

  6. Procurement Cost

    • Sanjay Sharma
    Pages 111-130

  7. Cycle Time

    • Sanjay Sharma
    Pages 131-185

  8. Stock Out

    • Sanjay Sharma
    Pages 187-234

  9. Back Matter

    Pages 235-237
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Keywords

About this book

This book provides a detailed overview of various parameters/factors involved in inventory analysis. It especially focuses on the assessment and modeling of basic inventory parameters, namely demand, procurement cost, cycle time, ordering cost, inventory carrying cost, inventory stock, stock out level, and stock out cost. In the context of economic lot size, it provides equations related to the optimum values. It also discusses why the optimum lot size and optimum total relevant cost are considered to be key decision variables, and uses numerous examples to explain each of these inventory parameters separately. Lastly, it provides detailed information on parameter estimation for different sectors/products. Written in a simple and lucid style, it offers a valuable resource for a broad readership, especially Master of Business Administration (MBA) students.

Authors and Affiliations

  • National Institute of Industrial Engineering (NITIE), Mumbai, India

    Sanjay Sharma

About the author

Dr. Sanjay Sharma is a Professor at National Institute of Industrial Engineering (NITIE), Mumbai. As an operations and supply chain management educator and researcher, he has three decades of experience including industrial, managerial, teaching/training, consultancy and research, and has a number of awards and honors to his credit. He has published three books and papers in various journals such as the European Journal of Operational Research, International Journal of Production Economics, Computers and Operations Research, and International Journal of Advanced Manufacturing Technology. He also serves as a reviewer for several international journals and on the editorial board of various journals including the International Journal of Logistics Management.

Bibliographic Information

  • Book Title: Inventory Parameters

  • Authors: Sanjay Sharma

  • DOI: https://doi.org/10.1007/978-981-10-4545-5

  • Publisher: Springer Singapore

  • eBook Packages: Engineering, Engineering (R0)

  • Copyright Information: Springer Nature Singapore Pte Ltd. 2017

  • Hardcover ISBN: 978-981-10-4544-8Published: 24 May 2017

  • Softcover ISBN: 978-981-13-5164-8Published: 12 December 2018

  • eBook ISBN: 978-981-10-4545-5Published: 16 May 2017

  • Edition Number: 1

  • Number of Pages: XI, 237

  • Number of Illustrations: 47 b/w illustrations

  • Topics: Industrial and Production Engineering, Supply Chain Management, Business Strategy/Leadership

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