Preface.- Introduction.- Forecasting.- Costs and concepts.- Single-echelon systems: deterministic lot sizing.- Single-echelon systems: reorder points.- Single-echelon systems: integration - optimality.- Coordinated ordering.- Multi-echelon systems: structures and ordering policies.- Multi-echelon systems: lot sizing.- Multi-echelon systems: reorder points.- Implementation.- Appendix 1.- Answers and hints to problems.- Appendix 2.- Normal distribution tables.- Index.
The Second Edition of Inventory Control deals with a range of different approaches and models that can be used when developing inventory management systems and practices. The significantly expanded book shows how advances in information technology have drastically changed the possibilities to apply improved inventory control techniques. Furthermore, recent progress in research has resulted in new and more general methods that can substantially reduce the supply chain costs.
The second edition of Inventory Control incorporates several new topics. The additions include: alternative forecasting techniques, more material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral trans-shipments and on remanufacturing, coordination and contracts
There are eleven chapters in the second edition compared to six in the previous version. The explanations of different results are more detailed, and a considerable number of exercises have been added