Optimal Inventory Modeling of Systems: Multi-Echelon Techniques / Edition 2

Optimal Inventory Modeling of Systems: Multi-Echelon Techniques / Edition 2

by Craig C. Sherbrooke
ISBN-10:
1475788517
ISBN-13:
9781475788518
Pub. Date:
04/26/2013
Publisher:
Springer US
Select a Purchase Option (2nd ed. 2004. Softcover reprint of the original 2nd ed. 2004)
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Overview

Optimal Inventory Modeling of Systems: Multi-Echelon Techniques / Edition 2

Most books on inventory theory use the item approach to determine sk levels, ignoring the impact of unit cost, echelon location, and hardware indenture. Optimal Inventory Modeling of Systems is the first book to take the system approach to inventory modeling. The result has been dramatic reductions in the resources to operate many systems - fleets of aircraft, ships, telecommunications networks, electric utilities, and the space station.

Although only four chapters and appendices are totally new in this edition, extensive revisions have been made in all chapters, adding numerous worked-out examples. Many new applications have been added including commercial airlines, experience gained during Desert Storm, and adoption of the Windows interface as a standard for personal computer models.

Book Reviews of the first edition

"This book is a remarkable review and summary of nearly 30 years work on applied inventory theory. The book is a model of clarity and coherence. Even those concerned with other problem domains may benefit from the distilled wisdom it offers." Interfaces – Professor Steve New, University of Manchester

"A large number of solved numerical examples help with the understanding of the models and mathematics used. Undoubtedly, a book of such integrity deserves a place on the shelf of any person, library or organization whose interests lie in the domain of inventory theory and its application to complex systems." Logistics Spectrum – Professor Mirce Knezevic, Exeter University

Book Review of the second edition

"In the second edition, the basics remain the same and should be considered essential knowledge for logisticians and system managers. Sherbrooke has spent his career solving real inventory problems. Practical examples help the reader understand critical concepts like marginal analysis, expected backorders, cost-availability curves, optimization, and analytical versus simulation based models. In Optimal Inventory Modeling of Systems, Sherbrooke tells us how we (public and private sector managers) can better understand and act on the critical trade-offs between cost and system availability. This reference text should be on your bookshelf." George T. Babbitt, General, USAF (Retired), Formerly Commander, Air Force Material Command; Director, Defense Logistics Agency.

Product Details

ISBN-13: 9781475788518
Publisher: Springer US
Publication date: 04/26/2013
Series: International Series in Operations Research & Management Science , #72
Edition description: 2nd ed. 2004. Softcover reprint of the original 2nd ed. 2004
Pages: 333
Product dimensions: 6.10(w) x 9.25(h) x 0.03(d)

Table of Contents

Single-Site Inventory Model for Repairable Items
METRIC: A Multi-Echelon Model
Demand Processes and Demand Prediction
VARI-METRIC: A Multi-Echelon, Multi-Indenture Model
Multi-Echelon, Multi-Indenture Models with Periodic Resupply and Redundancy
Special Topics in Periodic Models
Modeling of Cannibalization
Implementation Issues
References
Appendices

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