Foundations and Trends® in Technology, Information and Operations Management > Vol 11 > Issue 4

Inventory Management: Modeling Real-life Supply Chains and Empirical Validity

Ton de Kok, Eindhoven University, The Netherlands, a.g.d.kok@tue.nl
 
Suggested Citation
Ton de Kok (2018), "Inventory Management: Modeling Real-life Supply Chains and Empirical Validity", Foundations and TrendsĀ® in Technology, Information and Operations Management: Vol. 11: No. 4, pp 343-437. http://dx.doi.org/10.1561/0200000057

Published: 23 Apr 2018
© 2018 T. de Kok
 
Subjects
Business Process Engineering and Design,  Capacity Planning,  Multi-location inventory theory,  Supply Chain Management,  Computational,  Complexity
 
Keywords
M11 Production management
Multi-echelon modelsInventory systemsMaterials requirement planning (MRP)Enterprise resource planning (ERP)
 

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In this article:
1. Introduction
2. Modeling inventory systems
3. Single-item single-echelon inventory models
4. Uncapacitated multi-item multi-echelon models
5. Capacitated inventory systems
6. Conclusion
Acknowledgements
References

Abstract

It is our intention to write a different overview of inventory models, from single item single echelon models to multi-item multi-echelon models, then is mostly provided in text books on Operations Management (e.g. Nahmias and Olsen (2015) and Silver et al. (2016)). We hope that this paper provides complementary knowledge. Instead of starting with inventory models that are tractable from a mathematical point of view, we start from the inventory management problem and the modeling challenges to be faced.

DOI:10.1561/0200000057
ISBN: 978-1-68083-416-1
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Table of contents:
1. Introduction
2. Modeling inventory systems
3. Single-item single-echelon inventory models
4. Uncapacitated multi-item multi-echelon models
5. Capacitated inventory systems
6. Conclusion
Acknowledgements
References

Inventory Management: Modeling Real-life Supply Chains and Empirical Validity

Inventory Management: Modeling Real-life Supply Chains and Empirical Validity provides a unique overview of inventory models, from single-item single-echelon models to multi-item multi-echelon models. Rather than starting with inventory models that are tractable from a mathematical point of view, the author starts from the inventory management problem and the modeling challenges to be faced. The first section of this monograph is devoted to modelling inventory systems. The second section discusses single-item single-echelon models. The third section extensively discusses multi-item multi-echelon inventory systems. The fourth section briefly discusses the additional issues that come with taking into account resource constraints.

 
TOM-057