This book provides a detailed overview of various parameters/factors involved in inventory analysis. It especially focuses on the assessment and modeling of basic inventory parameters, namely demand, procurement cost, cycle time, ordering cost, inventory carrying cost, inventory stock, stock out level, and stock out cost. In the context of economic lot size, it provides equations related to the optimum values. It also discusses why the optimum lot size and optimum total relevant cost are considered to be key decision variables, and uses numerous examples to explain each of these inventory parameters separately. Lastly, it provides detailed information on parameter estimation for different sectors/products. Written in a simple and lucid style, it offers a valuable resource for a broad readership, especially Master of Business Administration (MBA) students.
- ISBN13 9789811351648
- Publish Date 12 December 2018 (first published 24 May 2017)
- Publish Status Active
- Publish Country SG
- Imprint Springer Verlag, Singapore
- Edition Softcover reprint of the original 1st ed. 2017
- Format Paperback
- Pages 237
- Language English