Operations Research in Inventory Management: A Review and Critique

Edward A. Silver
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Edward A. Silver: University of Calgary, Calgary, Alberta

Operations Research, 1981, vol. 29, issue 4, 628-645

Abstract: The objectives of inventory management, including the relevant related costs, are examined in this paper. A brief review of standard problems, that have been effectively solved, is presented. However, we point out that a serious gap exists between theory and practice in many organizations. Suggestions are made for bridging this gap. Finally, a list is provided of a number of research problems whose implementable solution would have a major beneficial impact on the practice of inventory management.

Keywords: 366 survey of problems in inventory management; 331 theory versus applications in inventory control (search for similar items in EconPapers)
Date: 1981
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Citations: View citations in EconPapers (51)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:29:y:1981:i:4:p:628-645

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