Accession Number : AD0753621

Title :   An Investigation of the Inventory Policies of a Small Production Firm.

Descriptive Note : Master's thesis,

Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF

Personal Author(s) : Nace,Richard Hanson

Report Date : SEP 1972

Pagination or Media Count : 53

Abstract : A study was conducted of the inventory operations of a small production plant. Based on parameters established or estimated during the study, a simple inventory model which yields stock levels for the raw material inventory and production quantities for the manufacturing operation was developed. Price comparisons were made showing the recommended policies to be more economical than those policies used before the study was conducted. A search routine proffered by Buffa and Taubert was examined and shown not to be acceptable as a method of determining production quantities for the company investigated. (Author)

Descriptors :   (*INVENTORY CONTROL, DECISION MAKING), (*INDUSTRIES, INVENTORY CONTROL), INVENTORY CONTROL, PRODUCTION, ECONOMICS, COSTS, MANPOWER, MATHEMATICAL MODELS, MANAGEMENT PLANNING AND CONTROL, COMPUTER PROGRAMS, THESES

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE