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Inventory Theory

Encyclopedia of Systems and Control, J. Baillieul and T. Samad (Eds.), Springer-Verlag London, 2015, 591-595

Posted: 27 Apr 2020

See all articles by Suresh Sethi

Suresh Sethi

University of Texas at Dallas - Naveen Jindal School of Management

Date Written: 2015

Abstract

This entry is a brief survey of classical inventory models and their extensions in several directions such as world-driven demands, presence of forecast updates, multi-delivery modes and advanced demand information, incomplete inventory information, and decentralized inventory control in the context of supply chain management. Important references are provided. We conclude with suggestions for future research.

Keywords: EOQ model, Newsvendor model, Base stock policy, (s; S) policy, Incomplete information

JEL Classification: C61, M11, M20

Suggested Citation

Sethi, Suresh, Inventory Theory (2015). Encyclopedia of Systems and Control, J. Baillieul and T. Samad (Eds.), Springer-Verlag London, 2015, 591-595, Available at SSRN: https://ssrn.com/abstract=3565574

Suresh Sethi (Contact Author)

University of Texas at Dallas - Naveen Jindal School of Management ( email )

800 W. Campbell Road, SM30
Richardson, TX 75080-3021
United States

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