Inventory Control

Konstantinos V. Katsikopoulos ()
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Konstantinos V. Katsikopoulos: University of Southampton Business School

Chapter Chapter 5 in Cognitive Operations, 2023, pp 105-141 from Springer

Abstract: Abstract The pioneering motion studies of the Gilbreths in the early twentieth century (Chapter 1 ) employed arithmetic. The objective was to maximize the efficiency of operations. At about the same time, Ford Harris[aut]Harris, Ford W. used algebra and calculus to determine the size of the order that minimizes the total inventory costInventory cost for replenishment and holding.

Date: 2023
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DOI: 10.1007/978-3-031-31997-6_5

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