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Edition KWV

Inventory Rationing

A New Modeling Approach Using Markov Chain Theory

Authors: Möllering, Karin

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  • Provides a comprehensive introduction to inventory rationing
  • Presents an easy-to-implement but highly efficient rationing strategy
  • The book is aimed at scholars of inventory control and management science
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eBook $39.99
price for USA in USD (gross)
  • ISBN 978-3-658-24255-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.99
price for USA in USD
  • ISBN 978-3-658-24254-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

The last decades have seen an increasing diversity of customer expectations and growing competitive pressure for a wide variety of industries. Customer segmentation and subsequent inventory rationing provide a way to cope with those customer demands while maintaining a competitive offer. The general idea resembles the yield management practised in the airline or hotel industries: Demand fulfilment for low priority customers might be refused or delayed in order to reserve stock for more important clients.
This dissertation thesis from Karin Möllering provides a comprehensive introduction to inventory rationing. It gives an overview of the different approaches studied and identifies state-of-the-art rules. In a second step, the book particularly focuses on an easy-to-implement but highly efficient rationing strategy. For this strategy, a mathematical model is developed that allows for optimization under different objectives.
Potential readership includes scholars of inventory control and management science, students interested in these areas as well as practitioners involved in formulating and implementing rationing strategies.

About the authors

Karin Möllering published her work with Kölner Wissenschaftsverlag until 2018.

Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook $39.99
price for USA in USD (gross)
  • ISBN 978-3-658-24255-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.99
price for USA in USD
  • ISBN 978-3-658-24254-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Inventory Rationing
Book Subtitle
A New Modeling Approach Using Markov Chain Theory
Authors
Series Title
Edition KWV
Copyright
2007
Publisher
Gabler Verlag
Copyright Holder
Springer Fachmedien Wiesbaden GmbH, part of Springer Nature
eBook ISBN
978-3-658-24255-8
DOI
10.1007/978-3-658-24255-8
Softcover ISBN
978-3-658-24254-1
Edition Number
1
Number of Pages
XXI, 172
Number of Illustrations
1 b/w illustrations
Additional Information
Originally published by Kölner Wissenschaftsverlag, Köln, 2007
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