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Analysis and Algorithms for Service Parts Supply Chains

By Muckstadt, John A

Product Image: Analysis and Algorithms for Service Parts Supply Chains

Analysis and Algorithms for Service Parts Supply Chains

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Description
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.
This unique book, with its breadth of topics and mathematical treatment, begins by first demonstrating the optimality of an order-up-to policy [or (s-1,s)] in certain environments. This policy is used in the real world and studied throughout the text. The fundamental mathematical building blocks for modeling and solving applications of stochastic process and optimization techniques to service parts management problems are summarized extensively. A wide range of exact and approximate mathematical models of multi-echelon systems is developed and used in practice to estimate future inventory investment and part repair requirements.
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.
Product details
Edition:
1
Number of Pages:
277
Release Date:
2004-12-07
Publication Date:
2004-12-07
Publisher:
Springer New York
Languages:
Original: English
ISBN10:
0387227156
ISBN13:
9780387227153
GPSR Manufacturer Reference:
[email protected]
Weight:
526 g
Height:
162 cm
Width:
241 cm
Thickness:
19 cm
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