Overview
- Describes how a good understanding of inventory parameters helps make inventory management more effective
- Offers examples and case illustrations in various sectors to explain the estimation and analysis of different parameters
- Written in a simple and lucid style, it offers a valuable resource for Master of Business Administration (MBA) students
- Includes supplementary material: sn.pub/extras
Access this book
Tax calculation will be finalised at checkout
Other ways to access
About this book
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.
Similar content being viewed by others
Keywords
Table of contents (7 chapters)
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Inventory Parameters
Authors: Sanjay Sharma
DOI: https://doi.org/10.1007/978-981-10-4545-5
Publisher: Springer Singapore
eBook Packages: Engineering, Engineering (R0)
Copyright Information: Springer Nature Singapore Pte Ltd. 2017
Hardcover ISBN: 978-981-10-4544-8Published: 24 May 2017
Softcover ISBN: 978-981-13-5164-8Published: 12 December 2018
eBook ISBN: 978-981-10-4545-5Published: 16 May 2017
Edition Number: 1
Number of Pages: XI, 237
Number of Illustrations: 47 b/w illustrations
Topics: Industrial and Production Engineering, Supply Chain Management, Business Strategy/Leadership