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Inventory Parameters (Hardcover, 1st ed. 2017)
Loot Price: R3,469
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Inventory Parameters (Hardcover, 1st ed. 2017)
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This book provides a detailed overview of various
parameters/factors involved in inventory analysis. It especially
focuses on the assessment and modeling of basic inventory
parameters, namely demand, procurement cost, cycle time, ordering
cost, inventory carrying cost, inventory stock, stock out level,
and stock out cost. In the context of economic lot size, it
provides equations related to the optimum values. It also discusses
why the optimum lot size and optimum total relevant cost are
considered to be key decision variables, and uses numerous examples
to explain each of these inventory parameters separately. Lastly,
it provides detailed information on parameter estimation for
different sectors/products. Written in a simple and lucid style, it
offers a valuable resource for a broad readership, especially
Master of Business Administration (MBA) students.
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