Article ID: | iaor199157 |
Country: | United States |
Volume: | 29 |
Start Page Number: | 1 |
End Page Number: | 3 |
Publication Date: | Dec 1988 |
Journal: | Production and Inventory Management Journal |
Authors: | Ptak Carol A. |
Control of the inventory asset is the key to the success of a manufacturing operation. Five different models are summarized and contrasted, namely, economic order quantity, integrated credit and inventory management, minimization of factory throughput fluctuation, Bilvin’s buffer stock model, and cost minimization. The estimation of inventory carrying cost, a key component to all these models, is also examined.