USE OF DIMENSIONLESS RATIOS TO DETERMINE MINIMUM-COST INVENTORY QUANTITIES.
FMC CORP SANTA CLARA CALIF MACHINERY/SYSTEMS GROUP
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The iteration usually necessary for simultaneous determination of minimum-cost order quantity and reorder point in Q, r inventory systems may be eliminated by a graphical technique employing dimensionless ratios. This technique is illustrated for three different types of stock-out penalty. Author
- Economics and Cost Analysis
- Operations Research