Quantitative Models in Operations and Supply Chain Management

The thoroughly revised and updated book, now in its second edition, continues to present a comprehensive view of the concepts and applications of various quantitative models used in the study of operations and supply chain management. It provides a complete account of location and layout models, production planning models, production control models, cycle inventory models, safety stock models and transportation models. A separate chapter on real-life situations provides the user with the knowledge of specific areas where the models have been applied in decision-making processes. The various techniques to solve operations and supply chain management problems are also discussed. The text is supported by a large number of illustrative examples, exercises and review questions to reinforce the students understanding of the subject matter. Designed as a textbook for the students of mechanical and industrial engineering, the book would also be useful to postgraduate students of management.New to the second editionTwo new chapters on Production Control Additional Approaches (Chapter 6) and Materials Planning and Lot Sizing (Chapter 8)Forecasting and Aggregate Planning are described in two separate chaptersEach chapter includes new sections, additional examples, illustrations, short questions and exercisesProvides solutions to the exercises.