Inventory Modelling: A Mathematical Approach

The book covers various topics related to inventory management, including different inventory models, techniques for optimizing inventory management, and strategies for improving inventory control. Some of the topics covered include the economic order quantity (EOQ) model, just-in-time (JIT) inventory system, vendor-managed inventory (VMI), and collaborative planning, forecasting, and replenishment (CPFR). The chat also discusses the importance of inventory management in terms of reducing costs, improving efficiency, and enhancing customer service. Overall, the book provides a comprehensive overview of various aspects of inventory management and highlights the importance of effective inventory management in achieving business success.