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Full Description
Aimed at final year undergraduate students, this is the first volume to publish in a new series of text covering core subjects in operational research in an accessible student-friendly format. This volume presents simulation paired with inventory control. The Operational Research Series aims to provide a new generation of European-originated texts of practical relevance to todays student. To guarantee accessibility, the texts are concise and have a non-mathematical orientation. These texts will provide students with the grounding in operational research theory they need to become the innovators of tomorrow.
Contents
BOOK 1: SIMULATION.- Introduction.- How a Simulation Model Works.- Software for Simulation.- Performing Simulation Studies.- Further Topics in Simulation.- Conclusion.- Questions.- BOOK 2: INVENTORY CONTROL.- Introduction.- Demand Forecasting and Inventory Control.- Selecting and Monitoring Forecasting Systems for Inventory Control.- The Re-Order Level Policy (Setting the Re-Order Level).- The Re-Order Level Policy (Examining the Size of the Replenishment Quantity).- The Re-Order Level Policy (Examining the Relationship Between the Re-Order Level and the Replenishment Order Size).- The Re-Order Cycle Policy (Establishing the Value of the review Period and the Maximum Stock Level).- Pareto or ABC Analysis (as a Vehicle for Inventory Policy Allocation).
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