Download or read book Inventory Control Models with Motivational Policies written by Ata Allah Taleizadeh and published by Springer. This book was released on 2018-02-13 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the different motivational policies used for inventory management. In many competitive markets, sellers use motivational policies to encourage the customers to buy more and these kinds of strategies are used as competitive tools. This book brings together all the motivational policies for lot sizing decisions and offers a useful guide for inventory control. Each chapter applies deterministic inventory models such as economic order quantity (EOQ) and economic production quantity (EPQ), but also stochastic models for the motivational policy covered. The book begins exploring quantity discounts such as all-unit and incremental discounts. It then looks at delayed payment or trade credit policies that are applied by many suppliers and/or wholesalers to increase their sales. The motivational policies covered in the following chapters are dedicated to advance payment/prepayment schemes and also special sales offered by retailers to increase sales levels or decrease the inventory level. Finally the book concludes with a review of announced price increases, which persuades customers to buy a product at the current price, rather than paying more for it in the future. Inventory Control Models with Motivational Policies should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.
Download or read book Optimization and Inventory Management written by Nita H. Shah and published by Springer Nature. This book was released on 2019-08-31 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game theory approaches, genetic algorithms, and data mining, as well as research on big data applications for inventory management and control. Starting from deterministic inventory models, the book moves towards advanced inventory models. The content is divided into eight major sections: inventory control and management – inventory models with trade credit financing for imperfect quality items; environmental impact on ordering policies; impact of learning on the supply chain models; EOQ models considering warehousing; optimal ordering policies with data mining and PSO techniques; supply chain models in fuzzy environments; optimal production models for multi-items and multi-retailers; and a marketing model to understand buying behaviour. Given its scope, the book offers a valuable resource for practitioners, instructors, students and researchers alike. It also offers essential insights to help retailers/managers improve business functions and make more accurate and realistic decisions.
Download or read book Inventory Control written by Dieter Bartmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts in operations research and developers of software application systems have been treading separate paths for many years. It is urgently necessary to reset this course so that the demanding requirements of variousCIM concepts can be realized. This is specially relevant for computer-based stock management. Both authors, with a number of years of practical experience behind them, have written this book with this objective in mind. The book shows how modern inventory control can be rationally structured with the help of OR. Two aspects are given importance:1) the necessary mathematical derivations are completely explained in detail so that the reader will be able to optimally handle a given situation with the help of the methods learned in this book, and 2) aside from the models, strong emphasis is given on numerical methods. Suitable algorithms are thoroughly explained for the more important cases.
Download or read book Inventory Control written by Sven Axsäter and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modem information technology has created new possibilities for more sophisticated and efficient control of supply chains. Most organizations can reduce their material flow costs substantially. Inventory control techniques are very important components in this development process. 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. Nearly ten years ago I wrote a Swedish book on inventory control. This previous book has been used in courses in production and inventory control at several Swed ish engineering schools and has also been appreciated by many practitioners in the field. Positive reactions from many readers have occasionally made me contemplate writing a new book in English on the same subject. Encouraging support of this idea from the Kluwer Editors Fred Hillier and Gary Folven finally convinced me to go ahead with the project. The result is this new book, which in many ways differs from its Swedish prede cessor. Some differences are due to recent developments in inventory control. Fur thermore, this new book is in a sense more theoretical. In particular, it is to a larger extent focused on creating a good basic understanding of different possible ap proaches when analyzing inventory models.
Download or read book Computing Provably Near optimal Policies for Stochastic Inventory Control Models written by Retsef Levi and published by . This book was released on 2005 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Operations and Supply Chain Management for MBAs written by Jack R. Meredith and published by John Wiley & Sons. This book was released on 2023-02-14 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the newly revised eighth edition of Operations and Supply Chain Management for MBAs, a team of renowned operations professionals delivers a concise and accessible exploration of supply chain management ideal for MBA students with backgrounds in marketing, finance, and other disciplines. Conceptual and qualitative content appears alongside more quantitative material to encourage a variety of readers to remain engaged. Supplementary cases and a flexible structure allow instructors to tailor the material to diverse student populations, while a renewed focus on sustainability, innovation, and design thinking permeate much of this latest edition. Operations and Supply Chain Management for MBAs also includes: Incorporation of sustainability throughout the book, especially in Chapter 5 Considerable material on innovation and design thinking, especially in Chapter 3 Thoroughly updated chapter opening examples and cases A renewed emphasis on supply chain strategy in every chapter New and contemporary examples integrated into each chapter Improved and enhanced figures and images Updated end-of-chapter questions, exercises, and mini cases aligned with the material in each chapter
Download or read book Decision Models for Inventory Management written by Robert B. Fetter and published by . This book was released on 1961 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inventory Management written by Mohamad Y. Jaber and published by CRC Press. This book was released on 2009-08-11 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to depe
Download or read book Inventory Rationing written by Karin Möllering and published by Kölner Wissenschaftsverlag. This book was released on 2007 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inventory Control written by Stephen F. Love and published by McGraw-Hill Companies. This book was released on 1979 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modified Q R Inventory Control Policy for an Assemble to order Environment written by Roberto L. Seijo and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The traditional (Q, r) inventory control model assumes that the date at which the order is entered is the same as the date at which it is requested or expected to be delivered. Hence, the penalty cost is incurred when the customer places the order if inventory is unavailable. This is a reasonable assumption for retail systems and most distribution centers (DC), but not for an assemble-to-order (ATO) environment. In this scenario, there is a delivery time which is usually pre-negotiated and in addition to considering the manufacturing process time and in some cases the outbound transportation time, it also has some safety time built-in. This safety time is defined by the manufacturer and represents information related to when the penalty is incurred. The main objective of this research is to develop a modified (Q, r) policy that incorporates the safety time, and to evaluate this policy in terms of expected inventory cost and expected penalty cost / late orders. The problem is addressed following the heuristic approach discussed by Hadley and Whitin (1963). Two main models are developed based on the following assumptions: 1) early shipments are allowed by the customer, and 2) no early shipments are allowed. The behavior of both models is analyzed mathematically and by means of numerical examples. It is shown that from a manufacturer perspective, the first model is preferred over the traditional (Q, r) model. However, it poses a threat for the long term business relationship with the customer because the service level deteriorates, and for the implications that early shipments have on the customer inventory. The behavior of the second model is strictly related to the problem being addressed. Its merits with respect to the traditional and the "early shipment" model are discussed. This discussion is centered on the coefficient of variation of the lead-time demand, the ratio (IC/pi), and the location of the supplier. A final model which is a hybrid of the previous two shipping policies is developed. The models developed in the course of this research are generalizations of the traditional (Q, r) model.
Download or read book Optimal Inventory Control and Management Techniques written by Mittal, Mandeep and published by IGI Global. This book was released on 2016-03-29 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. Optimal Inventory Control and Management Techniques explores emergent research in stock management and product control within organizations. Featuring diverse perspectives on the implementation of various optimization techniques, genetic algorithms, and datamining concepts, as well as research on big data applications for inventory management, this publication is a comprehensive reference source for practitioners, educators, and researchers in the fields of logistics, operations management, and retail management.
Download or read book Simulation of Inventory Control Systems with Stochastic Replenishment Time written by Baldev Krishan Ahuja and published by . This book was released on 1961 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capacitor and Resistor Technology 93 written by and published by . This book was released on 1993 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inventory Control written by Dieter Bartmann and published by . This book was released on 1992-10-12 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inventory Control and Management written by C. Donald J. Waters and published by John Wiley & Sons. This book was released on 2003-10-10 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Assuming no prior knowledge of the subject area, this book provides students of management, operations management, management science and production - as well as practitioners- with an indispensable guide to inventory control." --Book Jacket.
Download or read book Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques written by Shah, Nita H. and published by IGI Global. This book was released on 2017-12-22 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. The Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques is a critical scholarly resource that examines optimization techniques, data mining concepts, and genetic algorithms to manage inventory control. Featuring coverage on a broad range of topics such as logistics and supply chain management, stochastic inventory modelling, and inventory management in healthcare, this book is geared towards academicians, practitioners, and researchers seeking various research methods to get optimal ordering policy.
