Now, this comprehensive and systematic overview of both the design models and quantitative solution methods for FMS support, configuration, and operation rectifies that problem. Students, production managers/planners, and FMS installation planners can now find everything they need in one authoritative and up-to-date source.
This textbook provides a practice-oriented introduction into Analytics-based inventory management in complex supply chains. In the context of Business Analytics, we concentrate on Prescriptive Analytics. In addition to standard single-level inventory models also multi-level approaches for the optimal allocation of safety inventory are presented. Moreover, dynamic lot sizing problems under random demand and random yield and their relationship to Material Requirements Planning (MRP) are discussed.The models and algorithms are illustrated with the help of numerous examples. The book has been written for students of Supply Chain Management and Operations Management as well as for practitioners who are confronted with inventory management in their daily work.
Now, this comprehensive and systematic overview of both the design models and quantitative solution methods for FMS support, configuration, and operation rectifies that problem. Students, production managers/planners, and FMS installation planners can now find everything they need in one authoritative and up-to-date source.
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