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Production and inventory management with substitutions

By: Material type: TextTextSeries: Lecture notes in economics and mathematical systems no., 636Publication details: Heidelberg Springer-Verlag 2010 Description: xx, 258 pISBN:
  • 9783642042461
Subject(s): DDC classification:
  • 658.5
Summary: This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost variations of input products, and reduce the amount of wastage. The main focus is the development of graphical modeling approaches for substitution options and of production planning models based on these approaches using mathematical programming. In addition to single-level dynamic lot-sizing models with substitutions, models for multi-level production systems with flexible bills-of-materials and recipes are devised. Also, a simulation-based optimization approach for a multi-location inventory system with substitutions is developed. (http://www.springer.com/business+%26+management/production/book/978-3-642-04246-1)
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 39-A / Slot 2181 (2nd Floor, East Wing) General Stacks 658.5 L2P7 (Browse shelf(Opens below)) Available 172284

This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost variations of input products, and reduce the amount of wastage. The main focus is the development of graphical modeling approaches for substitution options and of production planning models based on these approaches using mathematical programming. In addition to single-level dynamic lot-sizing models with substitutions, models for multi-level production systems with flexible bills-of-materials and recipes are devised. Also, a simulation-based optimization approach for a multi-location inventory system with substitutions is developed. (http://www.springer.com/business+%26+management/production/book/978-3-642-04246-1)

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