Article ID: | iaor20001356 |
Country: | Netherlands |
Volume: | 59 |
Issue: | 1/3 |
Start Page Number: | 341 |
End Page Number: | 354 |
Publication Date: | Mar 1999 |
Journal: | International Journal of Production Economics |
Authors: | Ganeshan Ram |
Keywords: | supply chain |
Inventories exist throughout the supply chain in various forms for various reasons. Since carrying these inventories can cost anywhere from 20 to 40% of their value a year, managing them in a scientific manner to maintain minimal levels makes economic sense. This paper presents a near-optimal