Description
| Product ID: | 9783110673913 |
| Product Form: | Paperback / softback |
| Country of Manufacture: | DE |
| Title: | Inventory Optimization |
| Subtitle: | Models and Simulations |
| Authors: | Author: Nicolas Vandeput |
| Page Count: | 318 |
| Subjects: | Economic systems and structures, Economic systems & structures, Finance and the finance industry, Management: leadership and motivation, Quality Assurance (QA) and Total Quality Management (TQM), Operational research, Finance, Management: leadership & motivation, Quality Assurance (QA) & Total Quality Management (TQM), Operational research |
| Description: | Select Guide Rating Inventory Optimization argues that in order to optimize inventory policies, we have to use probabilistic simulations. It explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex probabil In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple-yet powerful-framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. |
| Imprint Name: | De Gruyter |
| Publisher Name: | De Gruyter |
| Country of Publication: | GB |
| Publishing Date: | 2020-08-24 |
