Inventory Management: Non-Classical Views, 1st Edition (Hardback) book cover

Inventory Management

Non-Classical Views, 1st Edition

Edited by Mohamad Y. Jaber

CRC Press

242 pages | 17 B/W Illus.

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pub: 2009-08-11
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Description

As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to dependent demand systems, Inventory Management: Non-Classical Views comes as a just-in-time resource.

<subhead>Explore the new role of inventories in business enterprises

This book discusses a new paradigm for inventory management that is responsive to dynamic changes in the economy. It explores:

  • Inventory systems that provide flexibility
  • Inventory performance measures other than using cost as a means to control inventory
  • Inventory as a contributor to customer value creation, rather than a liability

The book also examines why energy and the environment are to be considered in inventory decisions, the non-classical application of inventory management in fields such as healthcare and disaster relief, and non-classical approaches to measuring the performance of inventory such as information theory, fuzzy sets, and thermodynamics.

While many factors may change, one certainty is that the global economy is becoming increasingly dynamic. Planting the seeds for new research in inventory control and management, this book outlines the evolving role of inventories in business enterprises. It explores how to create inventory management as a tool for continued success regardless of market fluctuations and economic variances.

Reviews

Jaber has collected together a set of significant research articles. I highly recommend this book to anyone interested in inventory control systems, especially to doctoral students and researchers..

— Professor J. Lisboa, University of Coimbra, Portugal, writing in the International Journal of Production Research V. 48, N18, 2010

Table of Contents

A New Inventory Paradigm Conceptual Basis and Survey Results, A. Chikán

Inventory Management Some Surprising News about Classical Views on Inventory

and Some Nonclassical Responses to Traditional Practice, L.G. Sprague and M.J. Sardy

Inventory Planning to Help the Environment, M. Bonney

Energy and Inventories, L. Zavanella and S. Zanoni

Healthcare Supply Chain Management, P. Kelle, H. Schneider, S. Wiley-Patton, and J. Woosley

Inventory Modeling for Complex Emergencies in Humanitarian Relief Operations, B.M. Beamon and S.A. Kotleba

Seeing Inventory as a Queue, G. Frizelle

Fuzzy Inventory Models, A.L. Guiffrida

Modeling Hidden Costs of Inventory Systems A Thermodynamic Approach, M.Y. Jaber

Index

About the Series

Systems Innovation Book Series

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Subject Categories

BISAC Subject Codes/Headings:
BUS076000
BUSINESS & ECONOMICS / Purchasing & Buying
TEC016000
TECHNOLOGY & ENGINEERING / Industrial Design / General
TEC029000
TECHNOLOGY & ENGINEERING / Operations Research