Inventory Management with Alternative Delivery Times
This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocate
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Xiaoying Liang Lijun Ma Haifeng Wang Houmin Yan
Inventory Management with Alternative Delivery Times 123
SpringerBriefs in Operations Management Series Editor Suresh P. Sethi The University of Texas at Dallas, TX, USA
More information about this series at http://www.springer.com/series/13082
Xiaoying Liang Lijun Ma Haifeng Wang Houmin Yan •
•
Inventory Management with Alternative Delivery Times
123
Xiaoying Liang College of Business City University of Hong Kong Kowloon Hong Kong Lijun Ma College of Management Shenzhen University Shenzhen, Guangdong China
Haifeng Wang Fengyuan Innovation Technology Co., Ltd. Beijing China Houmin Yan College of Business City University of Hong Kong Kowloon Hong Kong
ISSN 2365-8320 ISSN 2365-8339 (electronic) SpringerBriefs in Operations Management ISBN 978-3-319-48633-8 ISBN 978-3-319-48635-2 (eBook) DOI 10.1007/978-3-319-48635-2 Library of Congress Control Number: 2016955915 © The Author(s) 2017 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 This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
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Preface
Inventory management constitutes an important research area in operations management. The research has mainly focused on the problem of how inventory managers should make their procurement decisions and allocate limited inventory to satisfy customers’ demand. Around this central problem, a wide variety of interesting topics have been examined, including the effect of the procurement cost structure on inventory policies, demand learning and forecasting, and lead-time management. Previous work on lead-time management has primarily focused on the supply side. Supply-side lead-time corresponds to the delay between the time an inventory manager places a replenishment order and the time the replenishment actually arrives. The problem has been
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