Abstract
Inventory management is one of the most important tasks in business. A business faces inventory problems in its most basic activities. Inventory is held by the selling party to meet the demand made by the buying party. The complexity of inventory problems varies significantly, depending on the situation. While some of the simple inventory problems may be dealt with by common sense, some other inventory problems that arise in complex business processes require sophisticated mathematical tools and advanced computing power to get a reasonably good solution.
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© 2010 Springer-Verlag US
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Beyer, D., Cheng, F., Sethi, S.P., Taksar, M. (2010). Introduction. In: Markovian Demand Inventory Models. International Series in Operations Research & Management Science, vol 108. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-71604-6_1
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DOI: https://doi.org/10.1007/978-0-387-71604-6_1
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Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-56563-7
Online ISBN: 978-0-387-71604-6
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