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Analysis of the value of information used in inventory control of an inventory-production system
Date:
1999
Type:
Text
Extent: 11 p.
Source:
Proceedings of the 29th Atlantic Schools of Business Conference, Halifax, Nova Scotia,1999
Abstract:
This paper studies the value of information in an inventory-production system consisting of a warehouse and a workshop. The focal point is the use of information about the production status of the workshop in inventory control in the warehouse. Systems with various information levels are analyzed to determine what information is most valuable. Examples are presented to demonstrate how to identify the most important information about production status.
Subject:
- Business logistics
- Inventory control
- Production control
