Inventory theory
Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on and provides the mathematical foundation for logistics. The inventory control problem is the problem faced by a firm that must decide how much to order in each time period to meet demand for its products. The problem can be modeled using mathematical techniques of optimal control, dynamic programming and network optimization. The study of such models is part of inventory theory.
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ActivantBase stock modelCandace A. YanoCorporate financeDynamic lot-size modelEconomic lot scheduling problemGlossary of areas of mathematicsInventory control problemInventory modelInventory modelsInventory optimizationK-convex functionList of academic fieldsList of numerical analysis topicsMaqbool DadaMark E. Lewis (engineer)Non-convexity (economics)Operations managementOperations researchOutline of academic disciplinesRevenue managementSridhar TayurSteven Nahmias
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Inventory theory
Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on and provides the mathematical foundation for logistics. The inventory control problem is the problem faced by a firm that must decide how much to order in each time period to meet demand for its products. The problem can be modeled using mathematical techniques of optimal control, dynamic programming and network optimization. The study of such models is part of inventory theory.
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Inventory theory
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