Accession Number : AD0702454

Title :   INVENTORY AND THE THEORY OF THE FIRM,

Corporate Author : CENTER FOR NAVAL ANALYSES ARLINGTON VA

Personal Author(s) : Rose,Marshall

Report Date : 18 FEB 1970

Pagination or Media Count : 16

Abstract : A serious criticism of the inventory models presented in the literature is that they often seek to minimize inventory costs rather than to minimize total costs for a specified production level. This neglect is caused, in large measure, by a failure to consider inventories as factors of production, with substitution possibilities between other types of inputs. The paper incorporates these substitution possibilities into the analysis, and formulates an inventory model within the theory of the firm. (Author)

Descriptors :   (*INVENTORY ANALYSIS, MATHEMATICAL MODELS), INVENTORY CONTROL, MANAGEMENT PLANNING AND CONTROL, COST EFFECTIVENESS, DECISION MAKING, SPARE PARTS, MAINTENANCE, ECONOMICS, OPTIMIZATION

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE