Inventory Management: Non-Classical Views

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Mohamad Y. Jaber
CRC Press, Aug 11, 2009 - Technology & Engineering - 242 pages
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As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to dependent demand systems, Inventory Management: Non-Classical Views comes as a just-in-time resource.

Explore the new role of inventories in business enterprises

This book discusses a new paradigm for inventory management that is responsive to dynamic changes in the economy. It explores:

  • Inventory systems that provide flexibility
  • Inventory performance measures other than using cost as a means to control inventory
  • Inventory as a contributor to customer value creation, rather than a liability

The book also examines why energy and the environment are to be considered in inventory decisions, the non-classical application of inventory management in fields such as healthcare and disaster relief, and non-classical approaches to measuring the performance of inventory such as information theory, fuzzy sets, and thermodynamics.

While many factors may change, one certainty is that the global economy is becoming increasingly dynamic. Planting the seeds for new research in inventory control and management, this book outlines the evolving role of inventories in business enterprises. It explores how to create inventory management as a tool for continued success regardless of market fluctuations and economic variances.

 

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Contents

Preface
xi
Editor
xiii
Contributors
xv
Conceptual Basis and Survey Results
1
Some Surprising News about Classical Views on Inventory and Some Nonclassical Responses to Traditional Practice
25
Chapter 3 Inventory Planning to Help the Environment
43
Chapter 4 Energy and Inventories
75
Chapter 5 Healthcare Supply Chain Management
99
Chapter 6 Inventory Modeling for Complex Emergencies in Humanitarian Relief Operations
129
Chapter 7 Seeing Inventory as a Queue
151
Chapter 8 Fuzzy Inventory Models
173
A Thermodynamic Approach
199
Index
219
Back cover
229
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