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Inventory theory information


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 part allocation and so on and provides the mathematical foundation for logistics. The inventory control problem is the problem faced by a firm that must decide how much to order in each time period to meet demand for its products. The problem can be modeled using mathematical techniques of optimal control, dynamic programming and network optimization. The study of such models is part of inventory theory.

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Inventory theory

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Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations...

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Inventory control

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inventory theory Economic order quantity – Production scheduling model Inventory theory – Mathematical study concerned with the design of inventory systemsPages...

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Inventory

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Queueing theory. Inventory Turn is a financial accounting tool for evaluating inventory and it is not necessarily a management tool. Inventory management...

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Inventory optimization

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Inventory optimization refers to the techniques used by businesses to improve their oversight, control and management of inventory size and location across...

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Operations research

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engineering Forecasting Game theory Geography/Geographic information science Graph theory Industrial engineering Inventory control Logistics Mathematical...

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Base stock model

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The base stock model is a statistical model in inventory theory. In this model inventory is refilled one unit at a time and demand is random. If there...

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John von Neumann Theory Prize

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to three major areas of operations research and management science: inventory theory, dynamic programming and lattice programming. 2006 Martin Grötschel...

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Strategic inventory

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(speculative stock), strategic inventories emerge as a distinctive category. Inventory theory indicates that maintaining inventories beyond immediate demand...

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Theory of constraints

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The theory of constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small...

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List of academic fields

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analysis Inventory theory Scheduling Real options analysis Systems analysis Stochastic processes Optimal maintenance Dynamical systems Chaos theory Fractal...

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Steven Nahmias

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He is best known for his contributions to inventory theory, and, in particular, perishable inventory theory. He is also the author of Production and Operations...

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Outline of academic disciplines

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research Assignment problem Decision analysis Dynamic programming Inventory theory Linear programming Mathematical optimization Optimal maintenance Real...

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Operations management

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economic order quantity (EOQ) model. This model marks the beginning of inventory theory, which includes the Wagner-Within procedure, the newsvendor model,...

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Beck Anxiety Inventory

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The Beck Anxiety Inventory (BAI) is a formative assessment and rating scale of anxiety. This self-report inventory, or 21-item questionnaire uses a scale...

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Beck Depression Inventory

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The Beck Depression Inventory (BDI, BDI-1A, BDI-II), created by Aaron T. Beck, is a 21-question multiple-choice self-report inventory, one of the most widely...

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Newsvendor model

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Problem in operations management and inventory theory Reorder point – Inventory level triggering replenishment Inventory control system – Ensuring the correct...

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Millon Clinical Multiaxial Inventory

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Grossman's theories of personality and psychopathology) The Millon Clinical Multiaxial Inventories are based on Theodore Millon's evolutionary theory. Millon's...

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Bellman equation

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Richard (1954). "On the Solution to the 'Fundamental Equation' of inventory theory" (PDF). Cowles Commission Discussion Paper 2116. Merton, Robert C....

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Revised NEO Personality Inventory

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The Revised NEO Personality Inventory (NEO PI-R) is a personality inventory that assesses an individual on five dimensions of personality. These are the...

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Revenue management

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and could take a long time to recover. [citation needed] Forecasting Inventory theory Linear programming Operations research Optimization Regression analysis...

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Concept inventory

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A concept inventory is a criterion-referenced test designed to help determine whether a student has an accurate working knowledge of a specific set of...

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Item response theory

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psychometrics, item response theory (IRT) (also known as latent trait theory, strong true score theory, or modern mental test theory) is a paradigm for the...

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Stakeholder theory

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The stakeholder theory is a theory of organizational management and business ethics that accounts for multiple constituencies impacted by business entities...

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