Using MRP and EOQ/Safety Stock for Raw Materials Inventory Control: Discussion and Case Study

Matthew J. Liberatore
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Matthew J. Liberatore: Industrial Chemicals Group, FMC Corporation, Chemical Research and Development Center, Box 8 Princeton, New Jersey 08540

Interfaces, 1979, vol. 9, issue 2-part-1, 1-6

Abstract: The MRP and EOQ safety stock model approaches are reviewed relative to raw materials inventory control. Useful methods for developing order quantities, lead time demand distributions, and other parameters are presented. Ways to use and combine these approaches are considered. In conclusion, a case study in chemical process operation is presented.

Keywords: inventory/production: applications; industries: chemical (search for similar items in EconPapers)
Date: 1979
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