Most inventory models assume that open orders arrive after a lead
time that cannot be controlled by the inventory manager. However,
in many situations inventory managers have the option to expedite
open orders and they have to rely on sub-optimal heuristics to make
expediting decisions. In this book the author incorporates an
expediting level policy in a periodic-review base-stock inventory
model and shows how the optimal solution can be computed. The
solution approaches can be implemented easily and are capable of
solving large problems efficiently. While the book is
mathematically rigorous, the author presents important managerial
insights gained from scenario analyses using data from the service
division of a global equipment manufacturer. Raik Ozsen is a
graduate in Supply Chain Management & Management Science at the
University of Cologne and Stanford University.
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