Inventory Management: Non-Classical Views
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 dependent demand systems, Inventory Management: Non-Classical Views comes as a just-in-time resource.

Explore the new role of inventories in business enterprises

This book discusses a new paradigm for inventory management that is responsive to dynamic changes in the economy. It explores:





  • Inventory systems that provide flexibility


  • Inventory performance measures other than using cost as a means to control inventory


  • Inventory as a contributor to customer value creation, rather than a liability

The book also examines why energy and the environment are to be considered in inventory decisions, the non-classical application of inventory management in fields such as healthcare and disaster relief, and non-classical approaches to measuring the performance of inventory such as information theory, fuzzy sets, and thermodynamics.

While many factors may change, one certainty is that the global economy is becoming increasingly dynamic. Planting the seeds for new research in inventory control and management, this book outlines the evolving role of inventories in business enterprises. It explores how to create inventory management as a tool for continued success regardless of market fluctuations and economic variances.

1133035565
Inventory Management: Non-Classical Views
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 dependent demand systems, Inventory Management: Non-Classical Views comes as a just-in-time resource.

Explore the new role of inventories in business enterprises

This book discusses a new paradigm for inventory management that is responsive to dynamic changes in the economy. It explores:





  • Inventory systems that provide flexibility


  • Inventory performance measures other than using cost as a means to control inventory


  • Inventory as a contributor to customer value creation, rather than a liability

The book also examines why energy and the environment are to be considered in inventory decisions, the non-classical application of inventory management in fields such as healthcare and disaster relief, and non-classical approaches to measuring the performance of inventory such as information theory, fuzzy sets, and thermodynamics.

While many factors may change, one certainty is that the global economy is becoming increasingly dynamic. Planting the seeds for new research in inventory control and management, this book outlines the evolving role of inventories in business enterprises. It explores how to create inventory management as a tool for continued success regardless of market fluctuations and economic variances.

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Inventory Management: Non-Classical Views

Inventory Management: Non-Classical Views

by Mohamad Y. Jaber (Editor)
Inventory Management: Non-Classical Views
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Inventory Management: Non-Classical Views

Inventory Management: Non-Classical Views

by Mohamad Y. Jaber (Editor)

Overview

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 dependent demand systems, Inventory Management: Non-Classical Views comes as a just-in-time resource.

Explore the new role of inventories in business enterprises

This book discusses a new paradigm for inventory management that is responsive to dynamic changes in the economy. It explores:





  • Inventory systems that provide flexibility


  • Inventory performance measures other than using cost as a means to control inventory


  • Inventory as a contributor to customer value creation, rather than a liability

The book also examines why energy and the environment are to be considered in inventory decisions, the non-classical application of inventory management in fields such as healthcare and disaster relief, and non-classical approaches to measuring the performance of inventory such as information theory, fuzzy sets, and thermodynamics.

While many factors may change, one certainty is that the global economy is becoming increasingly dynamic. Planting the seeds for new research in inventory control and management, this book outlines the evolving role of inventories in business enterprises. It explores how to create inventory management as a tool for continued success regardless of market fluctuations and economic variances.

Product Details

ISBN-13: 9780367385323
Publisher: Taylor & Francis
Publication date: 09/19/2019
Series: Systems Innovation Book
Pages: 242
Product dimensions: 6.12(w) x 9.19(h) x (d)

Table of Contents

New Directions in Inventory Research. Inventory and the Environment. Modeling Hidden Costs of Inventory Systems: A Thermodynamics Approach. Fuzzy Inventory Models. Seeing Inventory as Queues. Healthcare Supply Chain Management.

What People are Saying About This

From the Publisher

Jaber has collected together a set of significant research articles. I highly recommend this book to anyone interested in inventory control systems, especially to doctoral students and researchers..

— Professor J. Lisboa, University of Coimbra, Portugal, writing in the International Journal of Production Research V. 48, N18, 2010

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