Inventory Control
This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners. It covers traditional approaches for forecasting, lot sizing, determi
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Series Editors Camille C. Price Stephen F. Austin State University, TX, USA Associate Series Editor Joe Zhu Worcester Polytechnic Institute, MA, USA Founding Series Editor Frederick S. Hillier Stanford University, CA, USA
More information about this series at http://www.springer.com/series/6161
Sven Axsäter
Inventory Control Third Edition
2123
Sven Axsäter Department of Industrial Management & Logistics Lund University Lund Sweden
ISSN 0884-8289 ISSN 2214-7934 (electronic) International Series in Operations Research & Management Science ISBN 978-3-319-15728-3 ISBN 978-3-319-15729-0 (eBook) DOI 10.1007/978-3-319-15729-0 Library of Congress Control Number: 2015938801 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2000, 2006, 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)
Preface
Most organizations can reduce their costs associated with the flow of materials substantially. Inventory control techniques are very important components in this development process. A thorough understanding of relevant inventory models is more or less a prerequisite for successful implementation. I hope that this book will be a useful tool in acquiring such an understanding. The book is primarily intended as a course textbook. It assumes that the reader has a good basic knowledge of mathematics and probability theory, and is therefore most suitable for industrial engineering and management science/operations research students. The book can be used both in undergraduate and more advanced graduate courses. About 15 years ago I wrote a Swedish book on inventory control. This book has been used in courses in production and inventory control at several Swedish engineering schools and has also been appreciated by many practitioners in the field. Positive reactions from many readers made me contemplate wr
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