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Book Description
Services requiring parts has become a $1.5 trillion business annually worldwide, creating a tremendous incentive to manage the logistics of these parts efficiently by making planning and operational decisions in a rational and rigorous manner. This book provides a broad overview of modeling approaches and solution methodologies for addressing service parts inventory problems found in high-powered technology and aerospace applications. The focus in this work is on the management of high cost, low demand rate service parts found in multi-echelon settings.
The text may be used in a variety of courses for first-year graduate students or senior undergraduates, as well as for practitioners, requiring only a background in stochastic processes and optimization. It will serve as an excellent reference for key mathematical concepts and a guide to modeling a variety of multi-echelon service parts planning and operational problems.
Analysis and Algorithms for Service Parts Supply Chains (Springer Series in Operations Research and Financial Engineering),John A. Muckstadt,Springer,0387227156,Applied,Business & Economics,Business / Economics / Finance,Business/Economics,Economics - General,Inventory control,Management - General,Operations Research,Personal Finance - General,Spare parts,Business & Economics / Operations Research,Economics,Economics, Finance, Business and Industry,Personal finance
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