Accession Number : AD0655120

Title :   AN ADAPTIVE ORDER POINT-ORDER QUANTITY INVENTORY CONTROL PROCEDURE,

Corporate Author : DECISION STUDIES GROUP PALO ALTO CALIF

Personal Author(s) : Bessler,Stuart A.

Report Date : JUN 1967

Pagination or Media Count : 26

Abstract : An order point-order quantity inventory control procedure is examined and modified for application to time dependent demand processes. An adaptive order point-order quantity procedure is proposed using some of the methodology developed by G.E.P. Box. A digital computer simulation is used to compare the order point-order quantity procedures for different mean demand situations. (Author)

Descriptors :   (*INVENTORY CONTROL, MATHEMATICAL MODELS), (*ADAPTIVE SYSTEMS, INVENTORY CONTROL), MANAGEMENT PLANNING AND CONTROL, OPERATIONS RESEARCH, PREDICTIONS, SCHEDULING, STOCHASTIC PROCESSES, SIMULATION

Subject Categories : Administration and Management
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE