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Periodic Review Inventory Systems

Performance Analysis and Optimization of Inventory Systems within Supply Chains

  • Book
  • © 2011

Overview

Authors:
  1. Thomas Wensing

    1. Lehrstuhl für Produktionswirtschaft, Katholische Universität Eichstätt-Ingolstadt, Ingolstadt, Germany

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  • Profound introduction into the structural characteristics and behavioral phenomena of periodic review inventory systems
  • Comprehensive decision aid for the configuration of a class of periodic review inventory systems Strong focus on issues of implementation for all formulae and solution approaches
  • Open framework design to facilitate the inclusion of further aspects into the models examined
  • Includes supplementary material: sn.pub/extras

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 651)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    • Thomas Wensing
    Pages 1-4

  3. Concepts and Definitions

    • Thomas Wensing
    Pages 5-19

  4. Literature Overview

    • Thomas Wensing
    Pages 21-41

  5. Basic Methods

    • Thomas Wensing
    Pages 43-56

  6. Replenishment Processes

    • Thomas Wensing
    Pages 57-79

  7. Analysis and Optimization

    • Thomas Wensing
    Pages 81-136

  8. Conclusion

    • Thomas Wensing
    Pages 137-139

  9. Back Matter

    Pages 141-151
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Keywords

About this book

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.

Reviews

From the reviews:

“The study text deals with management of inventories with periodic review policies. It provides not only structural and behavioral aspects of periodic review inventory systems but it also investigates the corresponding analytical and optimization aspects in some special cases. … The text can be useful for students, practitioners and software developers dealing with problems of inventory management.” (Tomáš Cipra, Zentralblatt MATH, Vol. 1220, 2011)

Authors and Affiliations

  • Lehrstuhl für Produktionswirtschaft, Katholische Universität Eichstätt-Ingolstadt, Ingolstadt, Germany

    Thomas Wensing

About the author

Thomas Wensing received his diploma in Information Science from the University of Cologne and his Ph.D. from the Catholic University of Eichstätt-Ingolstadt. After being a research assistant at the latter institution, he is nowadays working at the INFORM GmbH Aachen as a specialist for methods of Operations Research.

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