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(S-1, S) Inventory Policy Including Non-stocking Alternative as an Optimal Policy for Low Demand Items
(S-1, S) Inventory Policy Including Non-stocking Alternative as an Optimal Policy for Low Demand Items
- 대한산업공학회
- Journal of Korean Institute of Industrial Engineers
- Vol.6 No.1
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1980.0123 - 26 (4 pages)
- 0
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When the number of stockable item types is too large in certain large scale inventory operations, it is important to classify and screen out the items that need not be stocked; and for the low demand or high cost items, it may be preferable to use one-for-one-ordering policy. In this paper, the problem is formulated in somewhat easier terms, and a criterion is developed that can be used in deciding what items not to stock.
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