Inventory Models

Mahmut Parlar
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Mahmut Parlar: McMaster University, DeGroote School of Business

Chapter 8 in Interactive Operations Research with Maple, 2000, pp 331-373 from Springer

Abstract: Abstract According to recent estimates the total value of inventories in the United States is in excess of $1 trillion [135, p. 184]. Almost 80% of this investment in inventories is in manufacturing, wholesale and retail sectors. Many of the mathematical models that we will discuss in this chapter have proved very useful in managing inventories and their applications have resulted in substantial savings for the companies employing them.

Keywords: Inventory Model; Inventory Level; Order Quantity; Economic Order Quantity; Optimal Order Quantity (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1007/978-1-4612-1356-7_8

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