Historical Developments of Inventory Models
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Historical developments of inventory management related analytical methods, are examined in this paper. A brief review of major problems, that have been effectively solved, is presented. This review covers single location inventory models, multi-echelon inventory models, and coordination and information sharing in a supply chain. Then, research problems to deal with some issues that are still prevalent, and that companies need to consider, in inventory management, are pointed out. These research problems include assumptions in inventory models, intermittent demand, spare parts, uncertainty in future supply, coordinated control of products, multi-echelon systems, interactions with marketing, and information sharing in supply chain management. The implementable solutions of these issues would have beneficial impact on the practice of inventory management.
Abstract
Historical developments of inventory management related analytical methods, are examined in this paper. A brief review of major problems, that have been effectively solved, is presented. This review covers single location inventory models, multi-echelon inventory models, and coordination and information sharing in a supply chain. Then, research problems to deal with some issues that are still prevalent, and that companies need to consider, in inventory management, are pointed out. These research problems include assumptions in inventory models, intermittent demand, spare parts, uncertainty in future supply, coordinated control of products, multi-echelon systems, interactions with marketing, and information sharing in supply chain management. The implementable solutions of these issues would have beneficial impact on the practice of inventory management.
참고문헌 (34)
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