Inventory and supply chain management with forecast update. (Q820226)

The book treats Inventory and Supply chain management. In the first part an overview the literature and the models is given. Then an example from industry is provided. After this a theoretical model consisting of two consecutive delivery modes (one slow, cheap one and one fast, expensive one) is analysed using dynamic programming. This model is then extended to a model with 2 modes and fixed costs. Afterwards this is further widened to 3 modes (slow, medium and fast delivery). After these models a further approach consisting of multiperiod quantity-flexibility contracts is discussed. And a model with purchase contract management: fixed exercise cost is treated. Both models are based on articles published (at least partly) by the authors. In the last chapter of the book a model stated as a 2-player game is discussed. All in all the book provides a State-of-the-art introduction and overview to the topic. The topic itself is in an early stage of development, hence a lot of deeper insights are possible and future research may take place.