Decision systems for inventory management and production planning

by Silver, Edward A.

Publisher: Wiley in New York

Written in English
Cover of: Decision systems for inventory management and production planning | Silver, Edward A.
Published: Pages: 722 Downloads: 290
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Subjects:

  • Inventory control -- Decision making,
  • Production planning -- Decision making

Edition Notes

StatementEdward A. Silver, Rein Peterson.
SeriesWiley series in production/operations management
ContributionsPeterson, Rein, 1937-
Classifications
LC ClassificationsHD40 .P48 1985
The Physical Object
Paginationxxiii, 722 p. :
Number of Pages722
ID Numbers
Open LibraryOL2852790M
ISBN 100471867829
LC Control Number84015179

Production Planning and Inventory Control course. What is inventory management? Inventory management is a systematic approach to sourcing, storing, and selling inventory—both raw materials (components) and finished goods (products). In business terms, inventory management means the right stock, at the right levels, in the right place, at the right time, and at the right cost as well as price. Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare . periods. Effective inventory management has played an important role in the success of supply chain management (Yu, ). From this point of view i QWRGD\VWLPHOLQHVV production environment, it is extremely important for the decision makers to have acc ess to the decision File Size: KB.

Production Planning and Inventory Management in step 4 is the focus of this project. This step determines the timing and quantity of production, and converts the information about beginning inventory, forecasts, and customer orders into projected inventory, procurement requirements, and “available-to-promise” by: Production management deals with decision-making related to production processes so that the resulting goods or service is produced according to specification, in the amount and by the schedule demanded and at minimum cost. Production management also deals with decision-making regarding the quality, quantity, cost, etc., of Size: 61KB. This book provides an excellent source for professionals preparing for professional certification examinations. This new edition has been significantly reorganizsed to reflect more closely the organisation of professional certification exams. Discussion follows the step-by-step decision-making process, including topics such as: establishment of management objectives, long-, .

Decision systems for inventory management and production planning by Silver, Edward A. Download PDF EPUB FB2

If you are new to inventory model or a professional but off school for several years. Don't forget to get this book. Silver review + explore the inventory problem in both macro and micro viewpoint.

For supply chain manager, this book is more quantitative (infact, /5(14). This is a revision of a classic which integrates managerial issues with practical applications, providing a broad foundation for decision-making.

It incorporates recent developments in inventory management, including Just-in-Time Management, Materials Requirement Planning, and Total Quality by: Decision systems for inventory management and production planning Wiley series in production/operations management Management Series Wiley series in production: Authors: Edward Allen Silver, Rein Peterson: Contributor: Rein Peterson: Edition: 2, illustrated: Publisher: Wiley, Original from: the University of Michigan: Digitized: Nov 6.

Decision Systems for Inventory Management and Production Planning by Rein Peterson,available at Book Depository with free delivery worldwide/5(29).

: Decision Systems for Inventory Management and Production Planning (Wiley Series in Production/Operations Management) () by Silver, Edward A.; Peterson, Rein and a great selection of similar New, Used and Collectible Books 4/5(1).

Decision Systems for Inventory Management and Production Planning Graham K. Rand Journal of the Operational Research Society vol pages – () Cite this articleCited by: The task of traditional production planning and control is to plan and produce the products according to management’s orders and policy.

It includes the following stages: master production schedule, material requirement planning, capacity planning, shop floor control, and inventory management and control.

The result is a hybrid Expert System-Decision Support System that helps managers to face the uncertainty, complexity and the dynamics of the Inventory Management as the Heart of. The Economic Order Quantity (EOQ) problem is a fundamental problem in supply and inventory management.

In its classical setting, solutions are not affected by the warehouse capacity. We study a type of EOQ problem where the (maximum). It covers ways Decision systems for inventory management and production planning book categorize inventories in measuring inventory performance, the financial implications of inventory, inventory-management systems, economic order quantities, decision rules for determining safety stocks, and the effect of multiple stocking points on average inventory.

decision making in production planning and inventory management!problem of coping with large numbers and with a diversity of factors external and internal to the organization!must be consistent with the overall objectives of managementFile Size: 72KB. Inventory Management Explained focuses on the key planning aspects of inventory management.

Forecasting, Lot Sizing, Safety Stock, and Ordering Systems are explained in great detail. The book goes well beyond typical inventory management books by tearing apart the calculations and logic we use in inventory management and exposing the hidden (or.

Additional Physical Format: Online version: Peterson, Rein, Decision systems for inventory management and production planning. New York: Wiley, © Inventory Management the production process. Continuous production system produces continuous products such as steel and chemical. The products in the repetitive production have similar design and need low or no setup cost, the process File Size: KB.

If you are new to inventory model or a professional but off school for several years. Don't forget to get this book. Silver review + explore the inventory problem in both macro and micro viewpoint. For supply chain manager, this book is more quantitative (infact, I think this is the most quantitative analysis) /5.

This book is more useful to industrial engineers than business students. We had to use this as our business text for an inventory management class. There are some Ph.d students in industrial engineering who struggle with this, not to mention the rest of the class.

However I do like the direct nature book. Everything is presented without a lot of fluff.4/5. ISBN Book Selection Edited by J Crocker 0 1 EA Silver 0 1 DF Pyke 0 1 R Peterson 0 1 0 Lancaster University 1 EA Silver, DF Pyke and R Peterson: Inventory Management and Production Planning and Scheduling (Third Edition) R Klein: Scheduling of Resource-Constrained Projects AM Castell, AJ Gregory, GA Hindle, ME James and G Ragsdell (Eds): Synergy Matters: Working with Systems Cited by: Decision systems for inventory management and production planning.

[Edward A Silver; Rein Peterson] Home. WorldCat Home About WorldCat Help. Search. Search for Library Items Search for Lists Search for # Inventory control--Decision making\/span>\n \u00A0\u00A0\u00A0\n schema.

Get this from a library. Decision systems for inventory management and production planning. [Edward A Silver; Rein Peterson]. Production and Operations Management PDF Book Free Download – MBA Books Production and Operations Management PDF Book Free Download. Production and Operations Management (POM) is one of the important subject and also an important book for MBA Students.

Here at AskVenkat we are providing MBA Links for Free. These Links are gathered. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management.

The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving /5(4). Key issues of production planning. Understanding the behavior of a process, finding bottlenecks, reducing work-in-process inventories, developing optimal scheduling, forming optimal forecasting methods are the main concerns of production planning, its primary focus is on scheduling and controlling inventory levels.

The book entitled Production and Operations Management is designed to help managers in making effective production and operations decisions. The concise and accessible style of the book is suitable for students pursuing management and other applied courses.

Inventory management and production planning and scheduling by Silver, Edward A.,Wiley edition, in English - 3rd ed. Decision systems for inventory management and production planning. c Classifications Dewey Decimal Class //5(2).

Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. Every organization constantly strives to maintain optimum inventory to be able to meet its requirements and avoid over or under inventory that can impact the financial figures.

Inventory Management is a business process which is responsible for managing, storing, moving, sorting, arranging, counting and maintaining the inventory i.e.

goods, components, parts etc. Inventory management ensures that the right inventory is available as per the demand at low costs. Inventory Management makes sure that the core processes of. : Inventory Management and Production Planning and Scheduling () by Silver, Edward A.; Pyke, David F.; Peterson, Rein and a great selection of similar New, Used and Collectible Books available now at great prices/5(31).

Difference between production planning and production control Stages in production planning and control Functions of production planning and control Production system Types of production system Contents iiiFile Size: 1MB.

A Study of Inventory Management System Case Study The re-ord er level is the level of inventory at which the fresh order for that item must be placed to procure fresh supply.

Inventory Planning - Basic Concepts Every organization that is engaged in production, sale or trading of Products holds inventory in one or the other form. While production and manufacturing organizations hold raw material inventories, finished goods and spare parts inventories, trading companies might hold only finished goods inventories.

We chose to use agents as a decision support tool for use in a Retail Inventory Management System. Since the management of inventory is crucial to the success of most companies, and since we see a potential major role for agents in the business process management MAS seems a likely choice for a decision support by: 2.The book follows a logical path through inventory management.

To make this easier we have divided the material into four parts. Part I gives an overall introduction to inventory management.

It discusses the movement of materials through supply chains, reasons for holding stocks, their importance, use, costs, and so Size: 1MB.Manufacturing inventory software is a niche market that is still evolving as its adoption in manufacturing organizations is increasing. Before buying a manufacturing inventory solution, decision makers should consider the following industry trends when they are evaluating a solution: Smart inventory tracking.