Accession Number : AD0779515

Title :   An Alternative to the Classical Economic Order Quantity.

Descriptive Note : Technical rept.,

Corporate Author : AMC INVENTORY RESEARCH OFFICE PHILADELPHIA PA

Personal Author(s) : Kaplan,Alan J.

Report Date : APR 1974

Pagination or Media Count : 12

Abstract : A new total cost expression is proposed as analternative to that upon which the classical economic order quantity is based. The new expression is believed to be more appropriate for the problem the classical formula addresses, and is quite tractable. Order quantities computed using the new formula may be significantly less than the economic order quantity, and never exceed it.

Descriptors :   *Inventory control, Government procurement, Obsolescence theory, Logistics planning

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE