Conclusion

Abstract

This study is dedicated to the management of inventories with periodic review inventory policies. We have tried to provide the reader with a theoretical and methodological background as well as tangible results for special problems that are ready to implement. In order to achieve this, we started with the basic vocabulary as well as an overview on basic properties of inventory systems and replenishment rules in Chap. 2. The relevant literature was then discussed in Chap. 3, where we pursued two aims. One was to try and provide a comprehensive overview of problems concerning single-level inventory management that have already been solved in the literature. We also attempted to give an introduction to a general mode of thinking and encountering problems in inventory theory, paying special attention to periodic review systems. Before we began to study a specific class of inventory systems, Chap. 4 elaborated on selected elementary methods that we find useful for analyzing inventory systems in general.