Use of dimensionless ratios to determine minimum‐cost inventory quantities

David P. Herron

Naval Research Logistics Quarterly, 1966, vol. 13, issue 2, 167-176

Abstract: The iteration usually necessary for simultaneous determination of minimum‐cost order quantity and reorder point in (Q, r) inventory systems may be eliminated by a graphical technique employing dimensionless ratios. This technique is illustrated for three different types of stock‐out penalty.

Date: 1966
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:13:y:1966:i:2:p:167-176

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