Aufsatz(elektronisch)September 1955
A method for calculating optimal inventory levels and delivery time
In: Naval research logistics: an international journal, Band 2, Heft 3, S. 157-173
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Abstract
AbstractThe following note is concerned with establishing an inventory control policy for items with extremely low demand. In the event that the expected savings in ordering cost that would result from buying in lots is less than the concomitant increase in carrying charges, it is uneconomical to use a lot size formula. In this event, it is appropriate to use a system consisting of placing orders as units are demanded.
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