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About this product
Product Identifiers
PublisherLAP Gmbh & Company KG
ISBN-103838368118
ISBN-139783838368115
eBay Product ID (ePID)116586002
Product Key Features
Book TitleProduction Planning and Inventory Control
Number of Pages220 Pages
LanguageEnglish
Publication Year2010
TopicManagement, Production & Operations Management
GenreBusiness & Economics
AuthorAli Cheaitou
FormatTrade Paperback
Dimensions
Item Height0.5 in
Item Weight11.7 Oz
Item Length9 in
Item Width6 in
Additional Product Features
SynopsisThe phenomenon of uncertainty is encountered in many domains and should be faced. Even if the sources of this phenomenon are numerous, it is essentially due to our incapacity to predict precisely the future behaviour of a part or the whole of a given system. Many mathematical techniques have been developed in the few last decades, which help in mastering the uncertainty, and therefore in reducing our ignorance of how systems really behave. In the Supply Chain Management domain, the main source of randomness is the future demand. This later is generally modelled using probability distribution functions, which are developed via different forecasting techniques. The influence of this demand variability on the performance of the Supply Chain is very important: for example, in 2007 the global inventory shortage rate in the retail industry were around 8.3%. On the other hand, in 2003 the global Unsaleable products cost around 1% in the grocery industry. These two types of costs, which are mainly caused by the uncertainty of the future demand, represent important lost for the whole Supply Chain actors.
