Inventory Rationing - A New Modeling Approach Using Markov Chain Theory (Paperback, 1st ed. 2007, reprint 2019)

The last decades have seen an increasing diversity of customer expectations and growing competitive pressure for a wide variety of industries. Customer segmentation and subsequent inventory rationing provide a way to cope with those customer demands while maintaining a competitive offer. The general idea resembles the yield management practised in the airline or hotel industries: Demand fulfilment for low priority customers might be refused or delayed in order to reserve stock for more important clients. This dissertation thesis from Karin Moellering provides a comprehensive introduction to inventory rationing. It gives an overview of the different approaches studied and identifies state-of-the-art rules. In a second step, the book particularly focuses on an easy-to-implement but highly efficient rationing strategy. For this strategy, a mathematical model is developed that allows for optimization under different objectives. Potential readership includes scholars of inventory control and management science, students interested in these areas as well as practitioners involved in formulating and implementing rationing strategies.

General

Imprint:	Springer Gabler
Country of origin:	Germany
Series:	Edition KWV
Release date:	March 2019
First published:	2007
Authors:	Karin Moellering
Dimensions:	240 x 168mm (L x W)
Format:	Paperback
Pages:	172
Edition:	1st ed. 2007, reprint 2019
ISBN-13:	978-3-658-24254-1
Categories:	Books > Business & Economics > Economics > Econometrics > General Books > Business & Economics > Business & management > Management of specific areas > Purchasing & supply management Promotions
LSN:	3-658-24254-X
Barcode:	9783658242541

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