ECU Libraries Catalog

Inventory and production management in supply chains / Edward A. Silver, David F. Pyke, Douglas J. Thomas.

Author/creator Silver, Edward A. (Edward Allen), 1937- author.
Format Electronic and Book
EditionFourth edition.
Publication Info Boca Raton : CRC Press, Taylor & Francis Group, [2017]
Description1 online resource (xxvii, 781 pages)
Supplemental Content EBSCOhost
Subject(s)
Other author/creatorPyke, D. F. (David F.), author.
Other author/creatorThomas, Douglas J., author.
Other author/creatorSilver, Edward A. (Edward Allen), 1937- Decision systems for inventory management and production and planning.
Other author/creatorSilver, Edward A. (Edward Allen), 1937- Inventory management and production planning and scheduling.
Contents Cover; Half Title; Title Page; Copyright Page; Contents; Preface; Acknowledgments; Authors; SECTION I: THE CONTEXT AND IMPORTANCE OF INVENTORY MANAGEMENT AND PRODUCTION PLANNING; 1 The Importance of Inventory Management and Production Planning and Scheduling; 1.1 Why Aggregate Inventory Investment Fluctuates: The Business Cycle; 1.2 Corporate Strategy and the Role of Top Management; 1.3 The Relationship of Finance and Marketing to Inventory Management and Production Planning and Scheduling; 1.3.1 Finance; 1.3.2 Marketing; 1.4 Operations Strategy; 1.4.1 Mission; 1.4.2 Objectives.
Contents 1.4.3 Management Levers; 1.4.4 General Comments; 1.5 Measures of Effectiveness for Inventory Management and Production Planning and Scheduling Decisions; 1.6 Summary; Problems; References; 2 Frameworks for Inventory Management and Production Planning and Scheduling; 2.1 The Diversity of Stock-Keeping Units; 2.2 The Bounded Rationality of a Human Being; 2.3 Decision Aids for Managing Diverse Individual Items; 2.3.1 Conceptual Aids; 2.3.2 Physical Aids; 2.4 Frameworks for Inventory Management; 2.4.1 Functional Classifications of Inventories.
Contents 2.4.2 The A-B-C Classification as a Basis for Designing Individual Item Decision Models2.5 A Framework for Production Planning and Scheduling; 2.5.1 A Key Marketing Concept: The Product Life Cycle; 2.5.2 Different Types of Production Processes; 2.5.3 The Product-Process Matrix; 2.6 Costs and Other Important Factors ; 2.6.1 Cost Factors; 2.6.2 Other Key Variables; 2.7 Three Types of Modeling Strategies; 2.7.1 Detailed Modeling and Analytic Selection of the Values of a Limited Number of Decision Variables; 2.7.2 Broader-Scope Modeling with Less Optimization.
Contents 2.7.3 Minimization of Inventories with Little Modeling; 2.8 The Art of Modeling; 2.9 Explicit Measurement of Costs; 2.10 Implicit Cost Measurement and Exchange Curves; 2.11 The Phases of a Major Study of an Inventory Management or Production Planning and Scheduling System; 2.11.1 Consideration; 2.11.2 Analysis; 2.11.3 Synthesis; 2.11.4 Choosing among Alternatives; 2.11.5 Control; 2.11.6 Evaluation; 2.11.7 General Comments; 2.11.8 Transient Effects; 2.11.9 Physical Stock Counts; 2.12 Summary; Problems; Appendix 2A: The Lognormal Distribution; References; 3 Forecasting Models and Techniques.
Contents 3.1 The Components of Time-Series Analysis; 3.2 The Three Steps Involved in Statistically Forecasting a Time Series; 3.3 Some Aggregate Medium-Range Forecasting Methods; 3.3.1 Regression Procedures; 3.4 Individual-Item, Short-Term Forecasting: Models and Procedures; 3.4.1 The Simple Moving Average; 3.4.2 Simple Exponential Smoothing; 3.4.3 Exponential Smoothing for a Trend Model; 3.4.4 Winters Exponential Smoothing Procedure for a Seasonal Model; 3.4.5 Selection of Smoothing Constants; 3.5 Measuring the Performance of a Forecasting Process; 3.5.1 Measures of Forecast Accuracy.
Contents 3.5.2 Estimating the Standard Deviation of Forecast Errors over a Lead Time.
General noteRevised edition of Inventory management and production planning and scheduling.
Bibliography noteIncludes bibliographical references and indexes.
Source of descriptionPrint version record.
Issued in other formPrint version: Silver, Edward A. (Edward Allen), 1937- Inventory and production management in supply chains. Fourth Edition. Boca Raton : CRC Press, Taylor & Francis Group, [2017] 9781466558618
Genre/formElectronic books.
ISBN9781466558625 (electronic bk.)
ISBN1466558628 (electronic bk.)
ISBN9781315374406 (e-book ; PDF)
ISBN1315374404 (e-book ; PDF)
ISBN(hardback ; alk. paper)

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