Back to Search Start Over

INVENTORY DEPLETION MANAGEMENT.

Authors :
Derman, Cyrus
Klein, Morton
Source :
Management Science; Jul1958, Vol. 4 Issue 4, p450-456, 7p
Publication Year :
1958

Abstract

Consideration is given to problems of choosing the order of issue of items from a stockpile of material whose utility characteristics are changing with time. Conditions are given under which either LIFO (last in, first out) or FIFO (first in, first out) is an optimal issue policy. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00251909
Volume :
4
Issue :
4
Database :
Complementary Index
Journal :
Management Science
Publication Type :
Academic Journal
Accession number :
7452041
Full Text :
https://doi.org/10.1287/mnsc.4.4.450