Article ID: | iaor19931690 |
Country: | United States |
Volume: | 33 |
Start Page Number: | 11 |
End Page Number: | 16 |
Publication Date: | May 1992 |
Journal: | Production and Inventory Management Journal |
Authors: | Young Scott T., Nie Winter D. |
Record variance has a detrimental effect on inventory control which can become accentuated by different inventory policies. One approach to combating record variance is the cycle count. In this article the authors suggest a cycle-count model which balances costs incurred from counting and stockout.