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 EDITION
• Two 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 chapters
• Each chapter includes new sections, additional examples, illustrations, short questions and exercises
• Provides solutions to the exercises