- Hardcover: 524 pages
- Publisher: McGraw-Hill/Irwin; 1 edition (Jan 24 2000)
- Language: English
- ISBN-10: 0256113793
- ISBN-13: 978-0256113792
- Product Dimensions: 23.9 x 18.5 x 2.5 cm
- Shipping Weight: 953 g
- Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: #1,955,328 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Details |
Product Description
Book Description
Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text.
The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked.
Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets.
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most helpful customer reviews
5.0 out of 5 stars
Outstanding Book for mid-level and advanced audience,
By AR PSU "aratpennstate" (State College, PA United States) - See all my reviews
This review is from: Foundations of Inventory Management (Hardcover)
This is perhaps the most comprehensive and complete book on the theory behind the innumerable inventory models. More interestingly, it is an extremely well written for a technical book and the lucid style makes readin interesting. I am using the book as reference for research and this book provides a good b/g and development of different models: both stochastic and deterministic.However, due to the mathematically moderate to advanced treatment of the subject (calculus, probability and some linear algebra and stochastic processes would really help), the audience for this book is definitely those with some background in math and/or engineering. This book is not for those looking for a formula to plug in values (although it does give those too), it is for those who are keen on understanding the underlying 'logic' of inventory policies and systems and how they have been developed. Anyone in Industrial Engineering, Operations Research, Management (with quantitative inclinations) and professionals will find this an extremely good book.
5.0 out of 5 stars
The Bible of inventory management,
By
This review is from: Foundations of Inventory Management (Hardcover)
This is a great reference book for Operations Research and Management Science professionals. Covers most of the classical inventory theory models. Highly recommended.
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Most Helpful Customer Reviews on Amazon.com (beta) Amazon.com:
4.0 out of 5 stars (4 customer reviews) 13 of 14 people found the following review helpful
5.0 out of 5 stars
Outstanding Book for mid-level and advanced audience,
By AR PSU "aratpennstate" - Published on Amazon.com
This review is from: Foundations of Inventory Management (Hardcover)
This is perhaps the most comprehensive and complete book on the theory behind the innumerable inventory models. More interestingly, it is an extremely well written for a technical book and the lucid style makes readin interesting. I am using the book as reference for research and this book provides a good b/g and development of different models: both stochastic and deterministic.However, due to the mathematically moderate to advanced treatment of the subject (calculus, probability and some linear algebra and stochastic processes would really help), the audience for this book is definitely those with some background in math and/or engineering. This book is not for those looking for a formula to plug in values (although it does give those too), it is for those who are keen on understanding the underlying 'logic' of inventory policies and systems and how they have been developed. Anyone in Industrial Engineering, Operations Research, Management (with quantitative inclinations) and professionals will find this an extremely good book. 3 of 3 people found the following review helpful
4.0 out of 5 stars
Advance Inventory Modeling,
By Harold L. Ramirez "Harolhart" - Published on Amazon.com
This review is from: Foundations of Inventory Management (Hardcover)
This book is hardly on Foundations of Inventory. I would call it instead: "Advance Inventory Modeling". Nevertheless, if you are a graduate IE/OR student, this book is a gold mine regarding inventory modeling. If you are a practitioner looking for an intermediate book on inventory modeling, this book is one book ahead the one you are looking for. The author makes it clear about the type of reader his book was intended. I gave a 5 to this book, although it's showing 4 stars(I can't understand why).
1 of 1 people found the following review helpful
2.0 out of 5 stars
Nothing practical but theoretical,
By H. Chen - Published on Amazon.com
This review is from: Foundations of Inventory Management (Hardcover)
I bought this assigned textbook for the class. Yes, I admit it's indeed the bible of inventory theory, but if you want to learn something pratical, don't touch it. It explains everything by its overwhelming notations and formulations without realistic examples. I am a M.Eng student and want to learn something to apply in my job, but it makes me have no idea about what I can do after reading thoes countless proof of contless formulations within the whole book. This is definitely for someone who wants to dive into his PHD dissertations.
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