Analysis and Algorithms for Service Parts Supply Chains (Hardcover, 2005 ed.)

Services requiring parts has become a $1.5 trillion business annually worldwide, creating a tremendous incentive to manage the logistics of these parts efficiently by making planning and operational decisions in a rational and rigorous manner. This book provides a broad overview of modeling approaches and solution methodologies for addressing service parts inventory problems found in high-powered technology and aerospace applications. The focus in this work is on the management of high cost, low demand rate service parts found in multi-echelon settings.

This unique book, with its breadth of topics and mathematical treatment, begins by first demonstrating the optimality of an order-up-to policy [or (s-1, s)] in certain environments. This policy is used in the real world and studied throughout the text. The fundamental mathematical building blocks for modeling and solving applications of stochastic process and optimization techniques to service parts management problems are summarized extensively. A wide range of exact and approximate mathematical models of multi-echelon systems is developed and used in practice to estimate future inventory investment and part repair requirements.

The text may be used in a variety of courses for first-year graduate students or senior undergraduates, as well as for practitioners, requiring only a background in stochastic processes and optimization. It will serve as an excellent reference for key mathematical concepts and a guide to modeling a variety of multi-echelon service parts planning and operational problems.

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Series:	Springer Series in Operations Research and Financial Engineering
Release date:	December 2004
First published:	2005
Authors:	John A Muckstadt
Dimensions:	235 x 155 x 17mm (L x W x T)
Format:	Hardcover
Pages:	278
Edition:	2005 ed.
ISBN-13:	978-0-387-22715-3
Categories:	Books > Business & Economics > Business & management > Management & management techniques > Operational research Books > Science & Mathematics > Mathematics > Algebra > General Books > Science & Mathematics > Mathematics > Applied mathematics > General
LSN:	0-387-22715-6
Barcode:	9780387227153

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