Principles of inventory and materials management:
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY [u.a.]
Prentice Hall
1994
|
| Edition: | 4. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVI, 591 S. graph. Darst. |
| ISBN: | 0131264842 |
Staff View
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| 245 | 1 | 0 | |a Principles of inventory and materials management |c Richard J. Tersine |
| 250 | |a 4. ed. | ||
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| adam_text | CONTENTS
PREFACE xiii
OVERVIEW OF THE BOOK xv
1 INTRODUCTION 1
Inventory 3
Types of Inventory 3
Organizational Categories and Inventory Problems 5
Functions of Inventory 6
Inventory Problem Classifications 9
Properties of Inventory 12
Inventory Costs 13
Cost Accumulation Profile 15
Conflicting Goals 16
The Inventory Flow Cycle 18
Financial Considerations 20
Product Positioning Strategies 24
Just-in-Time 25
Business Cycle Influence 26
Conclusion 28
Questions 29
Cases 29
Vi Contents
2 FORECASTING AND MARKET ANALYSIS 34
The Forecasting Function 38
Forecast Error 41
Time Series Analysis 44
Last Period Demand, 46
Arithmetic Average, 46 )
Moving Average, 47
Regression Analysis, 48 .
Exponentially Weighted Moving Average (EWMA), 53 j
EWMA with Trend Correction, 58
EWMA with Seasonal Correction, 61
EWMA with Trend and Seasonal Corrections, 64
EWMA Overview, 66
Box-Jenkins Models, 70
Soliciting Opinions 71
Economic Indicators 71
Econometric Models 75
Group Forecasting 76
Conclusion 78
Questions 80
Problems 81
Cases 83
Selected Bibliography 87
Mathematical Abbreviations and Symbols 88
Summary of Formulas 88
3 INDEPENDENT DEMAND SYSTEMS: DETERMINISTIC MODELS 90
Fixed Order Size Systems 91
Economic Order Quantity (EOQJ—Single Items, 92
EOQ Sensitivity, 96
Backordering, 102
Quantity Discounts, 106
Special Sale Prices, 113
Known Price Increases, 117
Batch-Type Production Systems 120
Economic Production Quantity (EPQ)—Single Items, 121
Make or Buy Decisions, 125
Economic Production Quantity (EPQ)—Multiple Items, 127
Runout Time (ROT) Method, 130
Aggregate Runout Time (AROT) Method, 131
Contents vii
Fixed Order Interval Systems 133
Economic Order Interval (EOl)—Single Items, 134
Economic Order Interval (EOl)—Multiple Items, 137
Conclusion 140
Questions 140
Problems 141
Cases 146
Mathematical Abbreviations and Symbols 151
Summary of Formulas 152
Appendix A. Determination of Single Variable
Maximum and Minimum Points 154
Appendix B. Derivation of EOQ with Backordering 155
Appendix C. Composite EOQ for Situational
Decomposition 156
Assumptions, 156
Nomenclature, 157
Composite EOQ without Discounts, 158
Composite EOQ with Discounts, 161
Discussion, 172
4 DISCRETE DEMAND SYSTEMS: DETERMINISTIC MODELS 177
Lot-for-Lot Ordering 180
Periodic Order Quantity 180
Wagner-Whitin Algorithm 181
Silver-Meal Algorithm 186
Least Unit Cost 188
Part-Period Algorithm 190
Incremental Part-Period Algorithm 193
Implications for Discrete Lot Sizing 195
Conclusion 196
Questions 198
Problems 199
Cases 200
Mathematical Abbreviations and Symbols 203
5 INDEPENDENT DEMAND SYSTEMS: PROBABILISTIC MODELS 204
Safety Stock 205
Viii Contents
Statistical Considerations 210
Normal Distribution, 212
Poisson Distribution, 213 I
Negative Exponential Distribution, 214
Known Stockout Costs 214
Constant Demand and Constant Lead Time, 214
Variable Demand and Constant Lead Time, 215
Constant Demand and Variable Lead Time, 226 i
Variable Demand and Variable Lead Time, 228
Service Levels 232
Service per Order Cycle, 233
Service per Units Demanded, 238
Imputed Service Level Stockout Costs, 242
Fixed Order Interval Systems 243
Conclusion 245
Questions 246
Problems 247
Cases 252
Mathematical Abbreviations and Symbols 258
Summary of Formulas 259
Appendix A. Probability Distribution
Convolutions 260
Appendix B. Normal Distribution 261
Appendix C. Chi-Square Goodness-of-Fit Test 264
Appendix D. Order Quantity and Reorder Point
Dependence 267
6 INVENTORY SYSTEM CHANGES AND LIMITATIONS 273
Inventory System Redesign 274
Changeover Strategies 275
Releasing Working Capital 278
Inventory System Constraints 278
Exchange Curves, 280
Working Capital Restrictions, 284
Storage Space Restrictions, 286
Working Capital and Storage Space Restrictions, 288
Overview of Constraints, 291
Excess Stock Determination 292
An Excess Model, 294
Minimum Economic Salvage Value, 298
Contents ix
Lead Time Influence, 298
Liquidation Alternatives, 299
Questions 301
Problems 301
Cases 302
Mathematical Abbreviations and Symbols 307
Summary of Formulas 308
Appendix A. Optimizing Constrained Functions 309
7 SINGLE ORDER QUANTITIES 312
Known Demand, Known Lead Time 314
Known Demand, Variable Lead Time 314
Variable Demand, Known Lead Time 316
Benefit (Marginal) Analysis, 318
Cost Analysis, 321
Variable Demand, Variable Lead Time 325
Conclusion 325
Questions 326
Problems 326
Cases 330
Mathematical Abbreviations and Symbols 334
Summary of Formulas 335
8 DEPENDENT DEMAND SYSTEMS: MATERIAL
REQUIREMENTS PLANNING (MRP) 336
MRP Inputs 338
MRP Outputs 341
Product Structures 342
Low Level Coding, 345
MRP Computations 346
An EOQ-MRP Comparison 360
MRP Types 366
Closed-Loop MRP 367
MRP Overview 369
Capacity Planning and Control 371
Conclusion 376
X Contents
Questions 378
Problems 379
Cases 383
Appendix A. Bills of Materials (BOM) 390
9 IN-PROCESS INVENTORY, JUST¬
IN-TIME, AND THEORY OF CONSTRAINTS 401
In-Process Inventory 402
Lead Time, 405
Setup Time, 407
Time Cycle Charts, 407
Bottleneck Work Centers, 410
Input/Output Control, 410
Critical Ratio Technique, 414
Just-In-Time 416
Elimination of Waste, 417
Inventory as Waste, 418
Pursuit of Perfection, 420
Repetitive Manufacturing and JIT, 422
Theory of Constraints 426
Bottleneck and Nonbottleneck Resources, 428
Process and TYansfer Batches, 430
Dependent Events and Statistical Fluctuations, 431
Capacity Constraint Resources, 432
Drum-Buffer-Rope Scheduling, 433
VAT Plants, 435
Continual Improvement, 438
Conclusion 444
Questions 444
Problems 445
Cases 451
10 DISTRIBUTION INVENTORY SYSTEMS 457
Push vs. Pull Distribution Systems 460
Time-Phased Order Point 462
Distribution Requirements Planning 464
Fair Shares Allocations 469
Lot Sizing and Safety Stock 471
Conclusion 473
Questions 473
Contents xi
Problems 474
Cases 474
11 INVENTORY VALUATION AND MEASUREMENT 479
Flow of Costs 481
FIFO, 482
UFO, 484
Average Cost, 486
Specific Cost, 489
Summary, 489
Lower of Cost or Market 491
Inventory Records 492
Periodic Count Method, 494
Cycle Count Method, 495
Inventory Security 498
Questions 499
Problems 500
Cases 502
12 SIMULATION 507
Simulation Categories 509
Monte Carlo Simulation 510
Perpetual Inventory Simulation Problem 513
Periodic Inventory Simulation Problem 518
Simulation of Joint Probability Distributions 520
Length of Simulation Run 523
Conclusion 524
Questions 524
Problems 525
Cases 528
Mathematical Abbreviations and Symbols 533
13 AGGREGATE INVENTORY CONTROL 534
Types of Control Systems 537
Perpetual Inventory System, 539
Two-Bin Inventory System, 540
Periodic Inventory System, 541
Xii Contents
Optional Replenishment Inventory System, 542
Distribution Requirements Planning Inventory System, 544
Single Order Quantity Inventory System, 544
Material Requirements Planning Inventory System, 544
Just-in-Time Inventory System, 546
Theory of Constraints Inventory System, 546
Selective Inventory Control 546
Inventory System Development 550
Inventory System Improvement 552
Aggregate Inventory Measurement 555
Aggregate Inventory Reduction 556
Raw Materials, Supplies, and Finished Goods, 556
In-Process Inventory, 560
Lead Time Reduction 562
Conclusion 563
Questions 565
Cases 566
BIBLIOGRAPHY 572
INDEX 575
|
| adam_txt |
CONTENTS
PREFACE xiii
OVERVIEW OF THE BOOK xv
1 INTRODUCTION 1
Inventory 3
Types of Inventory 3
Organizational Categories and Inventory Problems 5
Functions of Inventory 6
Inventory Problem Classifications 9
Properties of Inventory 12
Inventory Costs 13
Cost Accumulation Profile 15
Conflicting Goals 16
The Inventory Flow Cycle 18
Financial Considerations 20
Product Positioning Strategies 24
Just-in-Time 25
Business Cycle Influence 26
Conclusion 28
Questions 29
Cases 29
Vi Contents
2 FORECASTING AND MARKET ANALYSIS 34
The Forecasting Function 38
Forecast Error 41
Time Series Analysis 44
Last Period Demand, 46 \
Arithmetic Average, 46 )
Moving Average, 47
Regression Analysis, 48 .
Exponentially Weighted Moving Average (EWMA), 53 j
EWMA with Trend Correction, 58 \
EWMA with Seasonal Correction, 61
EWMA with Trend and Seasonal Corrections, 64
EWMA Overview, 66
Box-Jenkins Models, 70
Soliciting Opinions 71
Economic Indicators 71
Econometric Models 75
Group Forecasting 76
Conclusion 78
Questions 80
Problems 81
Cases 83
Selected Bibliography 87
Mathematical Abbreviations and Symbols 88
Summary of Formulas 88
3 INDEPENDENT DEMAND SYSTEMS: DETERMINISTIC MODELS 90
Fixed Order Size Systems 91
Economic Order Quantity (EOQJ—Single Items, 92
EOQ Sensitivity, 96
Backordering, 102
Quantity Discounts, 106
Special Sale Prices, 113
Known Price Increases, 117
Batch-Type Production Systems 120
Economic Production Quantity (EPQ)—Single Items, 121
Make or Buy Decisions, 125
Economic Production Quantity (EPQ)—Multiple Items, 127
Runout Time (ROT) Method, 130
Aggregate Runout Time (AROT) Method, 131
Contents vii
Fixed Order Interval Systems 133
Economic Order Interval (EOl)—Single Items, 134
Economic Order Interval (EOl)—Multiple Items, 137
Conclusion 140
Questions 140
Problems 141
Cases 146
Mathematical Abbreviations and Symbols 151
Summary of Formulas 152
Appendix A. Determination of Single Variable
Maximum and Minimum Points 154
Appendix B. Derivation of EOQ with Backordering 155
Appendix C. Composite EOQ for Situational
Decomposition 156
Assumptions, 156
Nomenclature, 157
Composite EOQ without Discounts, 158
Composite EOQ with Discounts, 161
Discussion, 172
4 DISCRETE DEMAND SYSTEMS: DETERMINISTIC MODELS 177
Lot-for-Lot Ordering 180
Periodic Order Quantity 180
Wagner-Whitin Algorithm 181
Silver-Meal Algorithm 186
Least Unit Cost 188
Part-Period Algorithm 190
Incremental Part-Period Algorithm 193
Implications for Discrete Lot Sizing 195
Conclusion 196
Questions 198
Problems 199
Cases 200
Mathematical Abbreviations and Symbols 203
5 INDEPENDENT DEMAND SYSTEMS: PROBABILISTIC MODELS 204
Safety Stock 205
Viii Contents
Statistical Considerations 210
Normal Distribution, 212
Poisson Distribution, 213 I
Negative Exponential Distribution, 214
Known Stockout Costs 214
Constant Demand and Constant Lead Time, 214
Variable Demand and Constant Lead Time, 215 \
Constant Demand and Variable Lead Time, 226 i
Variable Demand and Variable Lead Time, 228
Service Levels 232
Service per Order Cycle, 233
Service per Units Demanded, 238
Imputed Service Level Stockout Costs, 242
Fixed Order Interval Systems 243
Conclusion 245
Questions 246
Problems 247
Cases 252
Mathematical Abbreviations and Symbols 258
Summary of Formulas 259
Appendix A. Probability Distribution
Convolutions 260
Appendix B. Normal Distribution 261
Appendix C. Chi-Square Goodness-of-Fit Test 264
Appendix D. Order Quantity and Reorder Point
Dependence 267
6 INVENTORY SYSTEM CHANGES AND LIMITATIONS 273
Inventory System Redesign 274
Changeover Strategies 275
Releasing Working Capital 278
Inventory System Constraints 278
Exchange Curves, 280
Working Capital Restrictions, 284
Storage Space Restrictions, 286
Working Capital and Storage Space Restrictions, 288
Overview of Constraints, 291
Excess Stock Determination 292
An Excess Model, 294
Minimum Economic Salvage Value, 298
Contents ix
Lead Time Influence, 298
Liquidation Alternatives, 299
Questions 301
Problems 301
Cases 302
Mathematical Abbreviations and Symbols 307
Summary of Formulas 308
Appendix A. Optimizing Constrained Functions 309
7 SINGLE ORDER QUANTITIES 312
Known Demand, Known Lead Time 314
Known Demand, Variable Lead Time 314
Variable Demand, Known Lead Time 316
Benefit (Marginal) Analysis, 318
Cost Analysis, 321
Variable Demand, Variable Lead Time 325
Conclusion 325
Questions 326
Problems 326
Cases 330
Mathematical Abbreviations and Symbols 334
Summary of Formulas 335
8 DEPENDENT DEMAND SYSTEMS: MATERIAL
REQUIREMENTS PLANNING (MRP) 336
MRP Inputs 338
MRP Outputs 341
Product Structures 342
Low Level Coding, 345
MRP Computations 346
An EOQ-MRP Comparison 360
MRP Types 366
Closed-Loop MRP 367
MRP Overview 369
Capacity Planning and Control 371
Conclusion 376
X Contents
Questions 378
Problems 379
Cases 383
Appendix A. Bills of Materials (BOM) 390
9 IN-PROCESS INVENTORY, JUST¬
IN-TIME, AND THEORY OF CONSTRAINTS 401
In-Process Inventory 402
Lead Time, 405
Setup Time, 407
Time Cycle Charts, 407
Bottleneck Work Centers, 410
Input/Output Control, 410
Critical Ratio Technique, 414
Just-In-Time 416
Elimination of Waste, 417
Inventory as Waste, 418
Pursuit of Perfection, 420
Repetitive Manufacturing and JIT, 422
Theory of Constraints 426
Bottleneck and Nonbottleneck Resources, 428
Process and TYansfer Batches, 430
Dependent Events and Statistical Fluctuations, 431
Capacity Constraint Resources, 432
Drum-Buffer-Rope Scheduling, 433
VAT Plants, 435
Continual Improvement, 438
Conclusion 444
Questions 444
Problems 445
Cases 451
10 DISTRIBUTION INVENTORY SYSTEMS 457
Push vs. Pull Distribution Systems 460
Time-Phased Order Point 462
Distribution Requirements Planning 464
Fair Shares Allocations 469
Lot Sizing and Safety Stock 471
Conclusion 473
Questions 473
Contents xi
Problems 474
Cases 474
11 INVENTORY VALUATION AND MEASUREMENT 479
Flow of Costs 481
FIFO, 482
UFO, 484
Average Cost, 486
Specific Cost, 489
Summary, 489
Lower of Cost or Market 491
Inventory Records 492
Periodic Count Method, 494
Cycle Count Method, 495
Inventory Security 498
Questions 499
Problems 500
Cases 502
12 SIMULATION 507
Simulation Categories 509
Monte Carlo Simulation 510
Perpetual Inventory Simulation Problem 513
Periodic Inventory Simulation Problem 518
Simulation of Joint Probability Distributions 520
Length of Simulation Run 523
Conclusion 524
Questions 524
Problems 525
Cases 528
Mathematical Abbreviations and Symbols 533
13 AGGREGATE INVENTORY CONTROL 534
Types of Control Systems 537
Perpetual Inventory System, 539
Two-Bin Inventory System, 540
Periodic Inventory System, 541
Xii Contents
Optional Replenishment Inventory System, 542
Distribution Requirements Planning Inventory System, 544
Single Order Quantity Inventory System, 544
Material Requirements Planning Inventory System, 544 '
Just-in-Time Inventory System, 546
Theory of Constraints Inventory System, 546
Selective Inventory Control 546
Inventory System Development 550
Inventory System Improvement 552
Aggregate Inventory Measurement 555
Aggregate Inventory Reduction 556
Raw Materials, Supplies, and Finished Goods, 556
In-Process Inventory, 560
Lead Time Reduction 562
Conclusion 563
Questions 565
Cases 566
BIBLIOGRAPHY 572
INDEX 575 |
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| index_date | 2024-07-02T22:36:21Z |
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| spelling | Tersine, Richard J. Verfasser aut Principles of inventory and materials management Richard J. Tersine 4. ed. New York, NY [u.a.] Prentice Hall 1994 XVI, 591 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Beschaffung (DE-588)4005988-1 gnd rswk-swf Lagerhaltung (DE-588)4034081-8 gnd rswk-swf Materialwirtschaft (DE-588)4037937-1 gnd rswk-swf Beschaffung (DE-588)4005988-1 s Lagerhaltung (DE-588)4034081-8 s DE-604 Materialwirtschaft (DE-588)4037937-1 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016856914&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Tersine, Richard J. Principles of inventory and materials management Beschaffung (DE-588)4005988-1 gnd Lagerhaltung (DE-588)4034081-8 gnd Materialwirtschaft (DE-588)4037937-1 gnd |
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| title | Principles of inventory and materials management |
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| title_exact_search | Principles of inventory and materials management |
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| title_full | Principles of inventory and materials management Richard J. Tersine |
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| title_short | Principles of inventory and materials management |
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