Inventory Control Research: A Survey

T. M. Whitin
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T. M. Whitin: School of Industrial Management, Massachusetts Institute of Technology

Management Science, 1954, vol. 1, issue 1, 32-40

Abstract: In past decades there have been occasional upsurges of intensive interest in inventory control problems, sometimes in the aftermath of forced inventory liquidation. For the most part, the literature consisted of a few articles in business journals that had but little impact on the current business behavior of the time. In the last few years we have witnessed another upsurge of interest which far surpasses any of its predecessors, with respect to the quantity and quality of the work accomplished as well as its overall impact on the business community. This vigorous research and the interest it has aroused have been made possible by parallel development in research and in business. Statisticians and economists have become interested in industrial problems concomitantly with the increased attention in business to techniques of advanced management. The appearance of this journal is an example of this harmony of interests that has come into being. The fact that modern statistical methods have been applied successfully in several instances has had much influence on the interest level of both research workers and industrialists.

Date: 1954
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