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Inventory Planning and Lot-Sizing

In: Computational Intelligence in Logistics and Supply Chain Management

Author

Listed:
  • Thomas Hanne

    (University of Applied Sciences and Arts Northwestern Switzerland)

  • Rolf Dornberger

    (University of Applied Sciences and Arts Northwestern Switzerland)

Abstract

In this chapter we discuss problems in inventory planning and related planning tasks such as determining lot sizes for procurement or production. After a motivation of the importance of inventory planning we first discus basic models in inventory management such as the well-known equation for calculating economic order quantities. After that we discuss more complex lot-sizinglot-sizing problems sizing models and related solution approaches from computational intelligence. After that some more detailed problems in the planning of warehouse operations and questions concerning the determination of specific storage locationsstorage locations are treated. The last section of this chapter discusses some inventory routinginventory routing models which combine the planning of inventory with the planning of transport tasks.

Suggested Citation

  • Thomas Hanne & Rolf Dornberger, 2017. "Inventory Planning and Lot-Sizing," International Series in Operations Research & Management Science, in: Computational Intelligence in Logistics and Supply Chain Management, chapter 0, pages 73-97, Springer.
    • Handle: RePEc:spr:isochp:978-3-319-40722-7_4
    DOI: 10.1007/978-3-319-40722-7_4
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