Analysis and Optimization

Abstract

The preceding chapters introduced the analysis of inventory systems from a comprehensive perspective. In Chap. 2 we described the general forms of single-level inventory systems along with the basic concepts for describing the state of an inventory system, and the elementary figures for evaluating its performance. We then gave a broad literature overview in Chap. 3, and introduced some basic analytical methods in Chap. 4 with a focus on the application to periodic review models operating on a discrete time axis. In Chap. 5, we – also from a broad perspective – indicated different possibilities for incorporating lead time stochasticity into inventory models.