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Synopsis
The control of inventory of physical goods is an important problem in almost every enterprise. Inventory must be maintained in agriculture, industry, retail establishment and military. There are several reasons why different sectors should maintain inventories of goods. The fundamental reasons for doing so is that it is either physically impossible or economically not viable to have goods arrive in a given system at the time when demands for them arises. Without inventories, customers have to wait until their orders are filled from a source. There are many other reasons for keeping inventories as well. For example, the price of some raw materials used by a manufacturer may exhibit considerable seasonal fluctuations. When price is low, it is profitable to procure a large quantity of it to last through the high priced season. In the year 1915, F. Harris formulated and optimized a simple inventory model which resulted in the well known classical economic lot-size formula. Since then, the above mentioned model has been modified and extended all over the world. All the models have been developed by considering proper illustration and sensitivity study.
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The author Dr. Biswaranjan Mandal completed graduation from avery famous College, Narendrapur Ramkrishna Mission ResidentialCollege in 1992, then postgraduation from Calcutta University in1994, ranking as first class second in position. He receivedPh.D. degree from Jadavpur University in 2004.
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Decision making in Inventory Management
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LAP LAMBERT Academic Publishing Aug 2011, 2011
ISBN 10: 3844396357
ISBN 13: 9783844396355
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The control of inventory of physical goods is an important problem in almost every enterprise. Inventory must be maintained in agriculture, industry, retail establishment and military. There are several reasons why different sectors should maintain inventories of goods. The fundamental reasons for doing so is that it is either physically impossible or economically not viable to have goods arrive in a given system at the time when demands for them arises. Without inventories, customers have to wait until their orders are filled from a source. There are many other reasons for keeping inventories as well. For example, the price of some raw materials used by a manufacturer may exhibit considerable seasonal fluctuations. When price is low, it is profitable to procure a large quantity of it to last through the high priced season. In the year 1915, F. Harris formulated and optimized a simple inventory model which resulted in the well known classical economic lot-size formula. Since then, the above mentioned model has been modified and extended all over the world. All the models have been developed by considering proper illustration and sensitivity study. 184 pp. Englisch. Seller Inventory # 9783844396355
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Decision making in Inventory Management
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ISBN 10: 3844396357
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Mandal BiswaranjanThe author Dr. Biswaranjan Mandal completed graduation from avery famous College, Narendrapur Ramkrishna Mission ResidentialCollege in 1992, then postgraduation from Calcutta University in1994, ranking as first clas. Seller Inventory # 5477105
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Decision making in Inventory Management
Published by
LAP LAMBERT Academic Publishing Aug 2011, 2011
ISBN 10: 3844396357
ISBN 13: 9783844396355
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -The control of inventory of physical goods is an important problem in almost every enterprise. Inventory must be maintained in agriculture, industry, retail establishment and military. There are several reasons why different sectors should maintain inventories of goods. The fundamental reasons for doing so is that it is either physically impossible or economically not viable to have goods arrive in a given system at the time when demands for them arises. Without inventories, customers have to wait until their orders are filled from a source. There are many other reasons for keeping inventories as well. For example, the price of some raw materials used by a manufacturer may exhibit considerable seasonal fluctuations. When price is low, it is profitable to procure a large quantity of it to last through the high priced season. In the year 1915, F. Harris formulated and optimized a simple inventory model which resulted in the well known classical economic lot-size formula. Since then, the above mentioned model has been modified and extended all over the world. All the models have been developed by considering proper illustration and sensitivity study.Books on Demand GmbH, Überseering 33, 22297 Hamburg 184 pp. Englisch. Seller Inventory # 9783844396355
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Decision making in Inventory Management : Benefit Potential of Inventory Control Theory
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ISBN 10: 3844396357
ISBN 13: 9783844396355
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - The control of inventory of physical goods is an important problem in almost every enterprise. Inventory must be maintained in agriculture, industry, retail establishment and military. There are several reasons why different sectors should maintain inventories of goods. The fundamental reasons for doing so is that it is either physically impossible or economically not viable to have goods arrive in a given system at the time when demands for them arises. Without inventories, customers have to wait until their orders are filled from a source. There are many other reasons for keeping inventories as well. For example, the price of some raw materials used by a manufacturer may exhibit considerable seasonal fluctuations. When price is low, it is profitable to procure a large quantity of it to last through the high priced season. In the year 1915, F. Harris formulated and optimized a simple inventory model which resulted in the well known classical economic lot-size formula. Since then, the above mentioned model has been modified and extended all over the world. All the models have been developed by considering proper illustration and sensitivity study. Seller Inventory # 9783844396355
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Decision making in Inventory Management: Benefit Potential of Inventory Control Theory
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ISBN 10: 3844396357
ISBN 13: 9783844396355
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