Foundations of Stochastic Inventory Theory

Rating:
Summary: A great overview of stocahstic inventory theory.
Review: Begining from early day in 1950, the Inventory theory is mathematically rich and widely applicable field of Operations Research. This books provides an excellent overview of the development in this direction so far. It teaches many very important concept without getting tedious in technical details. This also serves as a very good text for students interested in learning dynamic programming and structured policies. This book falls short of (my) expectations as its approach in describing the problem solving is very legality oriented. In other words, though this informs a reader why certain things are true by presenting mathematical proofs, it doesn't tell how do one arrives at the proof. However there are very few books which really do that.