Optimal Inventory Modeling of Systems » (and)

Most books on inventory theory use the item approach to determine stock levels, ignoring the impact of unit cost, echelon location, and hardware indenture. Optimal Inventory Modeling of Systems is the first book to take the system approach to inventory modeling. The result has been dramatic reductions in the resources to operate many systems - fleets of aircraft, ships, telecommunications networks, electric utilities, and the space station.

Although only four chapters and appendices are totally new in this edition, extensive revisions have been made in all chapters, adding numerous worked-out examples. Many new applications have been added including commercial airlines, experience gained during Desert Storm, and adoption of the Windows interface as a standard for personal computer models.

Booknews

Uses a system approach--rather than the item approach--to designing an inventory control program, mainly for use in military contexts. Offers solutions to the multi-echelon problem, showing how to optimize the stock levels at operating sites and the supporting depot; and the multi-indenture problem, in which demand for an item may result in demand for lower indenture repair parts. Accessible to managers with little mathematics background, but primarily for logisticians and engineers Annotation c. Book News, Inc., Portland, OR (booknews.com)