A PC-based spreadsheet support system for the newsboy inventory control problem

A PC-based spreadsheet support system for the newsboy inventory control problem

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Article ID: iaor1992839
Country: United Kingdom
Volume: 11
Start Page Number: 58
End Page Number: 63
Publication Date: Nov 1991
Journal: International Journal of Operations & Production Management
Authors: , ,
Keywords: newsboy problem
Abstract:

In this article, a PC-based spreadsheet support system (SSS) for controlling inventory and service level for the newsboy problem is developed utilising Lotus 1-2-3 spreadsheet capabilities. The technical aspects of the SSS are presented and discussed within the context of a numerical example. The developed SSS permits the decision maker to simulate and analyse the impact of parameter changes on the inventory system using a familiar PC spreadsheet package.

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