A graphical method for optimizing a continuous review inventory system

A graphical method for optimizing a continuous review inventory system

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Article ID: iaor199050
Country: United States
Volume: 27
Start Page Number: 30
End Page Number: 45
Publication Date: Mar 1986
Journal: Production and Inventory Management Journal
Authors: ,
Abstract:

The series of graphs developed in this article can be used to identify optimal safety stock, shipment size, and reorder inventory point as a function of system uncertainty. The authors also show how to estimate cost saving from uncertainty reductions graphically.

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