{"57621":{"#nid":"57621","#data":{"type":"news","title":"Profitability through inventory","body":[{"value":"\u003Cp\u003E\n\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003EIndustrial Engineer\u003C\/em\u003E - September 2007; Volume 39: Number 9\u003Cbr \/\u003EAccording to the U.S. Census Bureau, current inventories at manufacturers totaled $513.5 billion in April 2007.  If an improvement of even 1 percent could be achieved, the impact would be staggering. The authors were motivated by the automotive industry, in particular, which currently has tens of billions of dollars worth of inventory in the United States even while many customers are waiting for orders to be filled. In \u0022Optimal Production and Inventory Policies of Priority and Price-Differentiated Customers,\u0022 \u003Cstrong\u003ESerhan Duran\u003C\/strong\u003E and \u003Cstrong\u003EJulie Swann\u003C\/strong\u003E of the Georgia Institute of Technology, Tieming Liu of Oklahoma State University, and David Simchi-Levi of Massachusetts Institute of Technology study such a demand management problem.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":"","uid":"27279","created_gmt":"2007-09-01 00:00:00","changed_gmt":"2016-10-08 03:06:32","author":"Barbara Christopher","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2007-09-01T00:00:00-04:00","iso_date":"2007-09-01T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"groups":[{"id":"57458","name":"ISyE External News"}],"categories":[{"id":"145","name":"Engineering"},{"id":"135","name":"Research"}],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cstrong\u003EBarbara Christopher\u003C\/strong\u003E\u003Cbr \/\u003EIndustrial and Systems Engineering\u003Cbr \/\u003E\u003Ca href=\u0022http:\/\/www.gatech.edu\/contact\/index.html?id=bt3\u0022\u003EContact Barbara Christopher\u003C\/a\u003E\u003Cbr \/\u003E\u003Cstrong\u003E404.385.3102\u003C\/strong\u003E","format":"limited_html"}],"email":["bchristopher@isye.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}