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Title: Inventory Control (For People Who Really Have to Do It) Volume II in the Useful Management Series by Robert E. D. Woolsey, Ruth Maurer ISBN: 1-931634-05-X Publisher: Lionheart Publishing Pub. Date: March, 2001 Format: Plastic Comb List Price(USD): $16.00

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Average Customer Rating: 3 (2 reviews)

Rating: 5
Summary: Great for Them What it's Good For
Comment: I found the book a wonderful read, and well worth the purchase price. But then, I am a teacher of management science whose background is in mathematics. Having never read the journal they originally apeared in, the "war stories" alone were worth the purchase price. (I purchased the book electronically through the INFORMS ebook store, at a low price.) If you, like me, are a person who has been through standard textbooks, but has never seen the methods used (and misused) in the "Real World", the book is worth buying.
It begins with an explanation of many of the problems of the standard EOQ model. It is easy to guess that the constant demand assumption is not often going to be met. But, it was surprising to me how quickly costs rise as a result. His explanation of why *every* constant in the EOQ equation is really an unknown (including the 2 in the denomimator) is worth the price of the book by itself. The saga of the tool shed supervisor and the Colt .44 is enlightening.
I also recommend the same authors' book on Production Scheduling, in the same series.
In sum: If you want to learn something about the motivations and priorities of the people actually applying a system (often decidedly not the same as systems' designers), or if you want to learn some easily applied methods that an experienced hand has found to work, for what it's worth, the book has my recommendation.

Rating: 1
Summary: Nothing new here
Comment: The title is intriguing, but the very thin book is just a rehash of some old articles from P&IM review. A lot of time is spent showing how to calculate things by hand (as if people who really have to do it don't have computers). Save your money to buy a useful book.