Advertisement

Introduction

  • Dirk Beyer
  • Feng Cheng
  • Suresh P. Sethi
  • Michael Taksar
Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 108)

Abstract

Inventory management is one of the most important tasks in business. A business faces inventory problems in its most basic activities. Inventory is held by the selling party to meet the demand made by the buying party. The complexity of inventory problems varies significantly, depending on the situation. While some of the simple inventory problems may be dealt with by common sense, some other inventory problems that arise in complex business processes require sophisticated mathematical tools and advanced computing power to get a reasonably good solution.

Keywords

Optimal Policy Inventory Model Inventory Problem Economic Order Quantity Economic Order Quantity Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag US 2010

Authors and Affiliations

  • Dirk Beyer
    • 1
  • Feng Cheng
    • 2
  • Suresh P. Sethi
    • 3
  • Michael Taksar
    • 4
  1. 1.M-FactorSan MateoUSA
  2. 2.Federal Aviation AdministrationOffice of Performance Analysis and StrategyWashingtonUSA
  3. 3.School of Management, M/S SM30The University of Texas at DallasRichardsonUSA
  4. 4.Department of MathematicsUniversity of MissouriColumbiaUSA

Personalised recommendations