Inventory Rationing
Produktnummer:
1883eb70b3d40a44e09ca7f1e574277275
Autor: | Möllering, Karin |
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Themengebiete: | Inventory Rationing Markov Chain Theory customer segmentation mathematical model optimization |
Veröffentlichungsdatum: | 13.03.2019 |
EAN: | 9783658242541 |
Sprache: | Englisch |
Seitenzahl: | 172 |
Produktart: | Kartoniert / Broschiert |
Verlag: | Springer Fachmedien Wiesbaden GmbH |
Untertitel: | A New Modeling Approach Using Markov Chain Theory |
Produktinformationen "Inventory Rationing"
The last decades have seen an increasing diversity of customer expectations and growing competitive pressure for a wide variety of industries. Customer segmentation and subsequent inventory rationing provide a way to cope with those customer demands while maintaining a competitive offer. The general idea resembles the yield management practised in the airline or hotel industries: Demand fulfilment for low priority customers might be refused or delayed in order to reserve stock for more important clients.This dissertation thesis from Karin Möllering provides a comprehensive introduction to inventory rationing. It gives an overview of the different approaches studied and identifies state-of-the-art rules. In a second step, the book particularly focuses on an easy-to-implement but highly efficient rationing strategy. For this strategy, a mathematical model is developed that allows for optimization under different objectives.Potential readership includes scholars of inventory control and management science, students interested in these areas as well as practitioners involved in formulating and implementing rationing strategies.

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