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Journal of the Operational Research Society Volume 32, 1981 - Issue 12
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Technical Note

Grouping of Inventory Items by Review Period

W. A. DonaldsonDepartment of Operational ResearchUniversity of StrathclydeGlasgow
Pages 1075-1076 | Published online: 20 Dec 2017
 
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Abstract

Review period systems of inventory control may be simplified by grouping items into classes each with a common review period T. By choosing the group values of T in geometric progression, the percentage cost penalty arising from grouping may be controlled.

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