Evan Porteus Inventory All Manuals & Guides sku-25238618

Evan Porteus's Foundations of Stochastic Inventory Theory is a hardcover title in All Manuals & Guides, sku-25238618. It is an advanced textbook for doctoral students preparing to research the mathematical foundations of inventory theory and a reference for researchers already working in the field.

Porteus begins with the economic order quantity model for cycle stocks and the newsvendor model for safety stocks, then develops concepts and methods for inventory problems involving uncertainty. The book emphasizes insights from dynamic optimization over numerical solutions and algorithms, apart from two chapters on computational issues in infinite-horizon models.

All fourteen chapters and four of the five appendixes end with exercises; some have been used as Ph.D. qualifying exam questions in Stanford Graduate School of Business's Operations, Information, and Technology area. The book follows a research tradition that includes Studies in the Mathematical Theory of Inventory and Production, published by Stanford University Press in 1958 and edited by Kenneth J.

Arrow, Samuel Karlin and Herbert Scarf. That work guided decades of research, including work that contributed to supply-chain management and the coordination of product design, procurement, production, movement, storage, sales, after-sales service and recycling.