Inventory Control

Experts in operations research and developers of software
application systems have been treading separate paths for
many years. It is urgently necessary to reset this course so
that the demanding requirements of variousCIM concepts can
be realized. This is specially relevant for computer-based
stock management. Both authors, with a number of years of
practical experience behind them, have written this book
with this objective in mind. The book shows how modern
inventory control can be rationally structured with the help
of OR. Two aspects are given importance:1) the necessary
mathematical derivations are completely explained in detail
so that the reader will be able to optimally handle a given
situation with the help of the methods learned in this book,
and 2) aside from the models, strong emphasis is given on
numerical methods. Suitable algorithms are thoroughly
explained for the more important cases.