Managing Inventories Through Difficult Economic Times: A Simple Model

Peter C. Bell and Hamid Noori
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Peter C. Bell: School of Business Administration, The University of Western Ontario, London, Ontario, Canada N6A 3K7
Hamid Noori: School of Business and Economics, Wilfrid Laurier University, Waterloo, Ontario, Canada N2L 3C5

Interfaces, 1985, vol. 15, issue 5, 39-45

Abstract: When the economy changes direction, the inventory manager must manage the firm's inventory levels as several important variables change. A simple model provides an easily computed target level for aggregate inventory during a period when demand, price, and interest rates are unusually volatile. Comparing the actual inventory experience of a firm during the 1981--1983 recession with results predicted from the model suggests that the model has value.

Keywords: inventory/production:; applications (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:15:y:1985:i:5:p:39-45

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