This book provides a detailed overview of various parameters factors involved in inventory
analysis. It especially focuses on the assessment and modeling of basic inventory parameters
namely demand procurement cost cycle time ordering cost inventory carrying cost inventory
stock stock out level and stock out cost. In the context of economic lot size it provides
equations related to the optimum values. It also discusses why the optimum lot size and optimum
total relevant cost are considered to be key decision variables and uses numerous examples to
explain each of these inventory parameters separately. Lastly it provides detailed information
on parameter estimation for different sectors products. Written in a simple and lucid style it
offers a valuable resource for a broad readership especially Master of Business Administration
(MBA) students.
