Principles of Inventory Management

Inventories are prevalent everywhere in the commercial world, whether it be in retail stores, manufacturing facilities, government stockpile material, Federal Reserve banks, or even your own household. This textbook examines basic mathematical techniques used to sufficiently manage inventories by using various computational methods and mathematical models. Such models discussed include: EOQ model and extensions, power-of-two models, single and multi-period models, probabilistic lot sizing models, multi-echelon stochastic models, Laplace and Normal demand models, exact Poisson model, and many more.

Master Inventory Management and Master Inventory Control, Forecasting, and Optimization to Boost Business Success

Master Inventory Management and Master Inventory Control, Forecasting, and Optimization to Boost Business Success

Meticulously crafted to equip with the knowledge & practical skills necessary to navigate the challenges of inventory

Streamlining Inventory Management: Enhancing Profitability through Efficient Inventory Management.

Unlocking Efficiency and Precision in Inventory Management

Inventory management for business success.