Problems & Solutions in Inventory Management

1. Inventory Management - an Overview

1.1. History of Inventory Management

1.2. Structure of the book

2. Basics of Inventory Management

2.1. Introduction to the Tortilla Case Study

2.2. What is Inventory

2.3. Types of Inventory

2.4. Need for Inventory

2.5. The Inventory Management Problem

2.6. Cost parameters and computation

2.7. Inventory Model and Policies

2.8. Case Study & numerical problems with answers

3. Deterministic Inventory Model

3.1. Introduction (with reference to case study)

3.2. The General EOQ Model

3.3. Inventory Model with Planned Shortages / backordering

3.4. Inventory Model with finite replenishment rate

3.5. Inventory Model with shortages (lost business)

3.6. Case Study & numerical problems with answers

4. Dynamic Inventory Model (Quantity Discount)

4.1. Introduction (with reference to case study)

4.2. Complete Order / All Units discount

4.3. Incremental discount

4.4. Special Order Quantity/One-off Discount

4.5. Case Study & numerical problems with answers

5. Lot Sizing Heuristics

5.1. Introduction (with reference to case study)

5.2. Lot for Lot

5.3. Part Period Balancing

5.4. Silver Meal

5.5. Least Unit Cost

5.6. Wagner-Whitin

&nbs

Author: Dinesh Shenoy, Roberto Rosas
Publisher: Springer
Published: 10/13/2017
Pages: 283
Binding Type: Hardcover
Weight: 1.31lbs
Size: 9.21h x 6.14w x 0.69d
ISBN13: 9783319656953
ISBN10: 3319656953
BISAC Categories:
- Technology & Engineering | Technical & Manufacturing Industries & Trades
- Business & Economics | Production & Operations Management
- Mathematics | Applied

About the Author

Prof. Dr. Dinesh Shenoy is a Professor of Industrial Engineering at Tecnológico de Monterrey (ITESM), Mexico. He teaches Inventory Management and allied courses in Operations Management to senior undergraduate students. He is best known for his contributions to the field of Spare Parts Management and is the author of Maintenance Resources Management: Adapting MRP (Taylor & Francis, 1998). Dinesh received his doctoral degree from Indian Institute of Technology, Kharagpur, India, in 1995. Between 1995 and 2009, Dinesh worked with large multinational organizations such as ANZ Bank (Melbourne), Thomson Financial in Bangalore and Barclays Capital (Singapore) and relieved in leadership roles in Operations and Technology. He was also a visiting faculty member at Narsee Monjee University between 2010 and 2016.

Prof. Dr. Roberto Rosas is the Head of Engineering and Sciences Department at Tecnológico de Monterrey (ITESM), León, Mexico. He teaches Production Management and allied courses in Operations Management and Manufacturing to undergraduate students. His relevant experience is in the field of Design of Manufacturing Systems, Simulation of Manufacturing Systems, Theory of Constraints, Enterprise Resource Planning, Lean Manufacturing, Six Sigma and Operations Management. Prof. Rosas received his master's degree from Tecnológico de Monterrey, Monterrey, Mexico, in 2003. Between 2001 and 2007, Rosas worked in industries such as Leather and Footwear, Engineering Services. During the last seven years, he has worked in education and has developed several projects as Consultant in industry related to his expertise.