Continuous-Review Policies for a Multi-Echelon Inventory Problem With
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 17.58
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book explores inventory control policies for multi-echelon production systems with stochastic demand. The author extends the traditional single-item, continuous review inventory model to multi-stage serial systems, providing an approximate cost model for analysis. The resulting solution involves determining a reorder point and reorder quantity, similar to the single item model. The book examines the nature of the approximation used and highlights the analogies between the multi-stage and single-stage models. The author emphasizes the importance of echelon stock in multi-stage inventory control and offers practical insights for implementing continuous review policies in complex production systems. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.
Seller Inventory # 9781332256280_0
- Title
- Continuous-Review Policies for a Multi-Echelon Inventory Problem With
- Author
- Marc de Bodt, Stephen C. Graves
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1332256287
- ISBN 13
- 9781332256280
- Seller catalogs
- Economics
The work develops an approximate model for two stages and extends it to M stages, using a nested replenishment policy that links each stage to the next. It explains how echelon stock is defined and how joint replenishments affect overall costs. The analysis covers setup, holding, and backorder costs, and shows how reorder points and order quantities can be chosen to reduce total cost over time. Examples illustrate the behavior of the policy and how to compute key quantities.
- How to model a multi-echelon system with stationary, stochastic demand
- How to approximate holding costs and backorders in a coordinated replenishment setting
- How reorder points and quantities are determined under a nested policy
- How the analysis extends from two stages to M stages and how to apply in practice
Ideal for readers of operations research, supply chain analytics, and inventory management professionals seeking a rigorous but applied framework for multi-echelon control.
"Synopsis" may belong to another edition of this title.
Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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FB &c Ltd
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