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This book reviews basic terminology, concepts, taxonomy and tenets of inventory systems, then explores models: EOQ, lot-sizing, Newsvendor, continuous time and more. The authors discuss in detail different real situations in industry and theoretical models.
Services requiring parts is a $1.5 trillion annual business worldwide. 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. It offers guidance to modeling a variety of multi-echelon service parts planning.
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