Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
Purchase Benefits
What is included with this book?
Paolo Brandimarte is Full Professor of Quantitative Methods for Finance and Logistics at Politecnico di Torino in Italy. He is the author of several publications, including six books, on the application of optimization and simulation to diverse areas such as production management, telecommunications, and finance. Dr. Brandimarte has extensive teaching experience in engineering and economics faculties, including master's- and PhD-level courses.
Giulio Zotteri, PhD, is Associate Professor in the School of Industrial Engineering at Politecnico di Torino in Italy. Dr. Zotteri's research interests include demand management and forecasting, inventory control, and operations management.
Preface | |
Supply chain management | |
What do we mean by logistics? | |
Plan of the chapter | |
Structure of production/distribution networks | |
Competition factors, cost drivers, and strategy | |
Competition factors | |
Cost drivers | |
Strategy | |
The role of inventories | |
A classical model: Economic Order Quantity | |
Cycle vs. capacity-induced stock | |
Dealing with uncertainty | |
Setting safety stocks | |
A two-stage decision process: Production planning in an assemble-to-order environment | |
Inventory deployment | |
Physical flows and transportation | |
Time horizons and hierarchical levels | |
Decision approaches | |
Information flows and decision rights | |
Quantitative models and methods | |
For further reading | |
References | |
Network Design and Transportation | |
The role of intermediate nodes in a distribution network | |
The risk pooling effect: reducing the uncertainty level | |
The role of transit points in transportation optimization | |
Location and flow optimization models | |
The transportation problem | |
The minimum cost flow problem | |
The plant location problem | |
Putting it all together | |
Models involving nonlinear costs | |
For Further Reading | |
References | |
Forecasting | |
Introduction | |
The variable to be predicted | |
The forecasting process | |
Metrics for forecast errors | |
The Mean Error | |
Mean Absolute Deviation | |
Root Mean Square Error | |
Mean Percentage Error and Mean Absolute Percentage Error | |
ME%, MAD%, RMSE% | |
U Theil's statistic | |
Using metrics of forecasting accuracy | |
A classification of forecasting methods | |
Moving Average | |
The demand model | |
The algorithm | |
Setting the parameters | |
Drawbacks and limitations | |
Simple exponential smoothing | |
The demand model | |
The algorithm | |
Setting the parameter | |
Initialization | |
Drawbacks and limitations | |
Exponential Smoothing with Trend | |
The demand model | |
The algorithm | |
Setting the parameters | |
Initialization | |
Drawbacks and limitations 125 | |
Exponential smoothing with seasonality | |
The demand model | |
The algorithm | |
Setting the parameters | |
Initialization | |
Drawbacks and limitations | |
Smoothing with seasonality and trend | |
The demand model | |
The algorithm | |
Initialization | |
Simple linear regression | |
Setting up data for regression | |
Forecasting new products | |
The Delphi method and the committee process | |
Lancaster model: forecasting new products through products features | |
The early sales model | |
The Bass model | |
Limitations and drawbacks | |
References | |
Inventory management with Deterministic Demand | |
Introduction | |
Economic Order Quantity | |
Robustness of EOQ model | |
Case of LT > 0: the (Q,R) model | |
Case of finite replenishment rate | |
Multi-item EOQ | |
The case of shared ordering costs | |
The multi-item case with a constraint on ordering capacity | |
Case of nonlinear costs | |
The case of variable demand with known variability | |
References | |
Inventory control: the stochastic case | |
Introduction | |
The newsvendor problem | |
Extensions of the Newsvendor problem | |
Multi-period pro | |
Table of Contents provided by Publisher. All Rights Reserved. |
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.