Beschreibung
Most inventory models assume that open orders arrive after a lead time that
cannot be controlled by the inventory manager. However, in many real world situations
inventory managers have the option to expedite open orders. Due to the lack
of appropriate models they often have to rely on sub-optimal heuristics to
make expediting decisions. In this book the author incorporates an
expediting level policy in a periodic-review base-stock inventory model and
shows how the optimal solution can be computed. The solution approaches can
be implemented easily and are capable of solving large problems efficiently.
While the book is mathematically rigorous, the author presents important
managerial insights gained from scenario analyses using data from the
service division of a global equipment manufacturer.
Raik Özsen is a graduate in Supply Chain Management & Management Science at
the University of Cologne and Stanford University.
