Periodic Review Inventory Systems

Firstly, this book provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Secondly, it includes a comprehensive study on analytical and optimization aspects of a specific class of those systems.

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.

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

Autorentext

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.

Inhalt
Introduction.- Concepts and Definitions.- Literature Overview.- Basic Methods.- Replenishment Processes.- Analysis and Optimization.- Conclusion.