Decision Models For Inventory Management

""Decision Models for Inventory Management"" by Robert Bartlay Fetter is a comprehensive guide for professionals and students in the field of inventory management. The book provides an in-depth analysis of various decision models that can be used to optimize inventory management processes. The author explains the importance of inventory management and how it can impact the profitability and success of a business. The book covers a range of topics including demand forecasting, inventory control systems, order quantity determination, and safety stock management. The author uses real-world examples and case studies to illustrate the application of decision models in different industries. The book also includes mathematical models and formulas to help readers understand the underlying principles of inventory management.The book is divided into six chapters, each covering a specific aspect of inventory management. The first chapter provides an introduction to inventory management and its importance in business operations. The second chapter focuses on demand forecasting and how it can be used to predict future demand for products. The third chapter discusses inventory control systems and how they can be used to manage inventory levels effectively. The fourth chapter covers order quantity determination, which involves determining the optimal order quantity for a product. The fifth chapter focuses on safety stock management, which involves maintaining a buffer stock to protect against unexpected demand or supply chain disruptions. The final chapter provides a summary of the key concepts covered in the book and offers practical advice for implementing decision models in inventory management.Overall, ""Decision Models for Inventory Management"" is a valuable resource for anyone involved in inventory management. The book provides a comprehensive overview of the subject and offers practical guidance for optimizing inventory management processes. The author's clear writing style and use of real-world examples make the book accessible to a wide audience, including students and professionals in the field of supply chain management.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.