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.
| ISBN: | 9780387227153 |
| Publication date: | 7th December 2004 |
| Author: | J A Muckstadt |
| Publisher: | Springer an imprint of Springer New York |
| Format: | Hardback |
| Pagination: | 277 pages |
| Series: | Springer Series in Operations Research and Financial Engineering |
| Genres: |
Operational research Mathematical modelling Stochastics Management decision making Management and management techniques Engineering: general Maths for engineers Probability and statistics Optimization Applied mathematics |