✦ LIBER ✦

Meeting seasonal demand for products with limited shelf lives

✍ Scribed by Danny C. Myers

Publisher: John Wiley and Sons
Year: 1997
Tongue: English
Weight: 73 KB
Volume: 44
Category: Article
ISSN: 0894-069X
DOI: 10.1002/(sici)1520-6750(199708)44:5<473::aid-nav5>3.0.co;2-1

No coin nor oath required. For personal study only.

✦ Synopsis

This article addresses a common misconception concerning production lead time and the use of inventory to meet seasonal demand for products with limited shelf lives. Two fundamental questions are answered: 1) Under what conditions will an increase in product life lead to increased ability to meet demand? 2) Under what conditions will increased levels of starting inventory be beneficial? The results of this analysis assisted a plastics manufacturing firm in making product pricing and inventory decisions.