"This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost...

In 1958, Stanford University Press published Studies in the Mathematical Theory of Inventory and Production (edited by Kenneth J. Arrow, Samuel Karlin, and Herbert Scarf), which became the pioneering road map for the next forty years of research in this area. One of the outgrowths of this...

Section 1: Inventory models with trade credit financing for imperfect quality items -- Chapter 1. An economic production quantity (EPQ) inventory model for deteriorating item under two-level trade credit policy with allowable shortages -- Chapter 2. Deteriorating imperfect produce inventory for...