Optimal Inventory Modeling of Systems

About the first edition: "This book is a remarkable review and summary of nearly 30 years work on applied inventory theory. The book is a model of clarity and coherence. Even those concerned with other problem domains may benefit from the distilled wisdom it offers." (Interfaces - Professor Steve New, University of Manchester) "A large number of solved numerical examples help with the understanding of the models and mathematics used. Undoubtedly, a book of such integrity deserves a place on the shelf of any person, library or organization whose interests lie in the domain of inventory theory and its application to complex systems." (Logistics Spectrum - Professor Mirce Knezevic, Exeter University) About the second edition: "In the second edition, the basics remain the same and should be considered essential knowledge for logisticians and system managers. Sherbrooke has spent his career solving real inventory problems. Practical examples help the reader understand critical concepts like marginal analysis, expected backorders, cost-availability curves, optimization, and analytical versus simulation based models. In Optimal Inventory Modeling of Systems, Sherbrooke tells us how we (public and private sector managers) can better understand and act on the critical trade-offs between cost and system availability. This reference text should be on your bookshelf." (George T. Babbitt, General, USAF (Retired), Formerly Commander, Air Force Material Command; Director, Defense Logistics Agency)

• Single-Site Inventory Model for Repairable Items.- Metric: A Multi-Echelon Model.- Demand Processes and Demand Prediction.- Vari-Metric: A Multi-Echelon, Multi-Indenture Model.- Multi-Echelon, Multi-Indenture Models With Periodic Supply And Redundancy.- Special Topics in Periodic Supply.- Modeling of Cannibalization.- Applications.- Implementation Issues.- Erratum.