How to use a microcomputer simulation to determine order quantity

How to use a microcomputer simulation to determine order quantity

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Article ID: iaor1990860
Country: United States
Volume: 28
Start Page Number: 20
End Page Number: 23
Publication Date: Oct 1987
Journal: Production and Inventory Management Journal
Authors:
Abstract:

Organizations that maintain a substantial investment in inventory should search for cost-effective inventory control methods. This microcomputer model (available to readers) simulates inventory flow over a period of time, using cumulative probabilities for both daily demand and reorder lead-time distributions. It also includes the effects of stockouts, price breaks, back-order costs, and the cost of capital.

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