Research Handbook on Inventory Management

Author: Jing-Sheng J. Song Series: Research Handbooks in Business and Management series

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Description

This comprehensive Research Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.

Organized into three distinct sections, chapters summarize the key developments in quantitative inventory research over the past two decades. Mapping out the fundamental theories and methodologies of inventory management, the Research Handbook examines interfaces and explores interdisciplinary topics in response to technological advancement and globalization. It concludes with an analysis of context-specific models, discussing tailored modelling and analytical solutions of inventory systems in the fast-changing industries of healthcare, spare parts logistics, retailing, and online retailing.

An important reference tool, this Research Handbook will be essential to scholars and researchers invested in the fields of business and operations and supply chain management. Its insightful coverage of the practicalities of current research will be indispensable for practitioners and regulators within these fields.

Critic Reviews

‘This Research Handbook is a fabulous and timely addition to the literature on inventory theory. Jeannette Song has curated a comprehensive set of chapters that cover the theoretical developments for all relevant inventory models, from the origins of inventory theory up to today. The Research Handbook should be an invaluable resource for the research community, especially for the doctoral students who will write the next chapters.’ -- Stephen Graves, Massachusetts Institute of Technology, US
‘This Research Handbook is a most comprehensive treatment of inventory management. It has great breadth, showing the multiple dimensions in which inventory models have developed and advanced in different areas. It also has depth, as it provides the theoretical foundations, leading to the most current advances by leading researchers. I highly recommend this book.’ -- Hau Lee, Stanford University, US
‘This book provides a clear, comprehensive, up-to-date guide to the research literature on inventory management. The authors are all distinguished scholars and all very active in this dynamic field. Many of the chapters offer pointers to promising research directions as well as summaries of past achievements. The book should be of great value to practicing scholars and students.’ -- Paul Zipkin, Duke University, US

About the Author

Edited by Jing-Sheng Jeannette Song, R. David Thomas Professor of Business Administration and Professor of Operations Management, The Fuqua School of Business, Duke University, US