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Managing Inventories Through Difficult Economic Times: A Simple Model

Author

Listed:
  • Peter C. Bell

    (School of Business Administration, The University of Western Ontario, London, Ontario, Canada N6A 3K7)

  • Hamid Noori

    (School of Business and Economics, Wilfrid Laurier University, Waterloo, Ontario, Canada N2L 3C5)

Abstract

When the economy changes direction, the inventory manager must manage the firm's inventory levels as several important variables change. A simple model provides an easily computed target level for aggregate inventory during a period when demand, price, and interest rates are unusually volatile. Comparing the actual inventory experience of a firm during the 1981--1983 recession with results predicted from the model suggests that the model has value.

Suggested Citation

  • Peter C. Bell & Hamid Noori, 1985. "Managing Inventories Through Difficult Economic Times: A Simple Model," Interfaces, INFORMS, vol. 15(5), pages 39-45, October.
    • Handle: RePEc:inm:orinte:v:15:y:1985:i:5:p:39-45
    DOI: 10.1287/inte.15.5.39
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    Keywords

    inventory/production: applications;

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