Managing Spare Parts Inventory by Incorporating Holding Costs and Storage Constraints
A key factor for motivating intending buyers of raw materials is vendor responsiveness. Therefore, to meet demand, a pre-approved level of stocks is often maintained. In contrast, the decision to keep an uncontrolled amount of stock could be counter-productive with cost components associated with ho...
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| Format: | Article |
| Language: | English |
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Engineering, Project, and Production Management (EPPM)
2021-05-01
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| Series: | Journal of Engineering, Project, and Production Management |
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| Online Access: | http://www.ppml.url.tw/EPPM_Journal/volumns/11_02_May_2021/ID_308_11_2_139_144.pdf |