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51 relations: Academic journal, Base stock model, Christmas, Cost, Customer, Demand, Deterministic system, Discounts and allowances, Discrete time and continuous time, Dynamic lot-size model, Dynamic programming, Economic lot scheduling problem, Economic order quantity, Economic production quantity, Fixed cost, Flow network, Furniture, Inventory, Inventory management software, Inventory optimization, Just-in-time manufacturing, Lead time, List of continuity-related mathematical topics, Location, Logistics, Manufacturing, Mathematical optimization, Mathematics, Newsvendor model, Operations management, Operations research, Optimal control, Product (business), Productive capacity, Quality (business), Safety stock, Silver–Meal heuristic, Spare part, Stochastic, Stockout, Supply chain, Supply chain management, Throughput (business), Time, Time horizon, Toy store, Value added, Variable cost, Warehouse, Warehouse management system, ..., Work in process. Expand index (1 more) »
Academic journal
An academic or scholarly journal is a periodical publication in which scholarship relating to a particular academic discipline is published.
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Base stock model
The base stock model is a statistical model in inventory theory.
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Christmas
Christmas is an annual festival commemorating the birth of Jesus Christ,Martindale, Cyril Charles.
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Cost
In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.
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Customer
In sales, commerce and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
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Demand
In economics, demand is the quantities of a commodity or a service that people are willing and able to buy at various prices, over a given period of time.
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Deterministic system
In mathematics, computer science and physics, a deterministic system is a system in which no randomness is involved in the development of future states of the system.
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Discounts and allowances
Discounts and allowances are reductions to a basic price of goods or services.
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Discrete time and continuous time
In mathematics and in particular mathematical dynamics, discrete time and continuous time are two alternative frameworks within which to model variables that evolve over time.
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Dynamic lot-size model
The dynamic lot-size model in inventory theory, is a generalization of the economic order quantity model that takes into account that demand for the product varies over time.
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Dynamic programming
Dynamic programming is both a mathematical optimization method and a computer programming method.
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Economic lot scheduling problem
The economic lot scheduling problem (ELSP) is a problem in operations management and inventory theory that has been studied by a large number of researchers for more than 50 years.
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Economic order quantity
In inventory management, economic order quantity (EOQ) is the order quantity that minimizes the total holding costs and ordering costs.
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Economic production quantity
The economic production quantity model (also known as the EPQ model) determines the quantity a company or retailer should order to minimize the total inventory costs by balancing the inventory holding cost and average fixed ordering cost.
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Fixed cost
In economics, fixed costs, indirect costs or overheads are business expenses that are not dependent on the level of goods or services produced by the business.
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Flow network
In graph theory, a flow network (also known as a transportation network) is a directed graph where each edge has a capacity and each edge receives a flow.
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Furniture
Furniture refers to movable objects intended to support various human activities such as seating (e.g., chairs, stools, and sofas), eating (tables), and sleeping (e.g., beds).
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Inventory
Inventory (American English) or stock (British English) is the goods and materials that a business holds for the ultimate goal of resale (or repair).
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Inventory management software
Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries.
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Inventory optimization
Inventory optimization is a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.
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Just-in-time manufacturing
Just-in-time (JIT) manufacturing, also known as just-in-time production or the Toyota Production System (TPS), is a methodology aimed primarily at reducing flow times within production system as well as response times from suppliers and to customers.
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Lead time
A lead time is the latency between the initiation and execution of a process.
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List of continuity-related mathematical topics
In mathematics, the terms continuity, continuous, and continuum are used in a variety of related ways.
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Location
The terms location and place in geography are used to identify a point or an area on the Earth's surface or elsewhere.
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Logistics
Logistics is generally the detailed organization and implementation of a complex operation.
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Manufacturing
Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.
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Mathematical optimization
In mathematics, computer science and operations research, mathematical optimization or mathematical programming, alternatively spelled optimisation, is the selection of a best element (with regard to some criterion) from some set of available alternatives.
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Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change.
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Newsvendor model
The newsvendor (or newsboy or single-periodWilliam J. Stevenson, Operations Management. 10th edition, 2009; page 581 or perishable) model is a mathematical model in operations management and applied economics used to determine optimal inventory levels.
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Operations management
Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.
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Operations research
Operations research, or operational research in British usage, is a discipline that deals with the application of advanced analytical methods to help make better decisions.
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Optimal control
Optimal control theory deals with the problem of finding a control law for a given system such that a certain optimality criterion is achieved.
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Product (business)
In marketing, a product is anything that can be offered to a market that might satisfy a want or need.
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Productive capacity
Productive capacity is the maximum possible output of an economy.
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Quality (business)
In business, engineering, and manufacturing, quality has a pragmatic interpretation as the non-inferiority or superiority of something; it's also defined as being suitable for its intended purpose (fitness for purpose) while satisfying customer expectations.
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Safety stock
Safety stock is a term used by logisticians to describe a level of extra stock that is maintained to mitigate risk of stockouts (shortfall in raw material or packaging) caused by uncertainties in supply and demand.
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Silver–Meal heuristic
The Silver–Meal heuristic method was composed in 1973 by Edward A. Silver and H.C. Meal.
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Spare part
A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or replacement of failed units.
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Stochastic
The word stochastic is an adjective in English that describes something that was randomly determined.
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Stockout
A stockout, or out-of-stock (OOS) event is an event that causes inventory to be exhausted.
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Supply chain
A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
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Supply chain management
In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.
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Throughput (business)
Throughput is the movement of inputs and outputs through a production process.
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Time
Time is the indefinite continued progress of existence and events that occur in apparently irreversible succession from the past through the present to the future.
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Time horizon
A time horizon, also known as a planning horizon, is a fixed point of time in the future at which point certain processes will be evaluated or assumed to end.
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Toy store
A toy store or toy shop, is a retail business specializing in selling toys.
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Value added
In business, the difference between the sale price and the production cost of a product is the unit profit.
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Variable cost
Variable costs are costs that change in proportion to the good or service that a business produces.
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Warehouse
A warehouse is a commercial building for storage of goods.
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Warehouse management system
A warehouse management system (WMS) is a software application, designed to support and optimize warehouse or distribution center management.
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Work in process
Work in process (WIP), work in progress (WIP), goods in process, or in-process inventory are a company's partially finished goods waiting for completion and eventual sale or the value of these items.
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References
[1] https://en.wikipedia.org/wiki/Inventory_theory
