๐”– Bobbio Scriptorium
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Purchasing Raw Material on a Fluctuating Market

โœ Scribed by T. Fabian, J. L. Fisher, M. W. Sasieni and A. Yardeni


Book ID
123684668
Publisher
INFORMS
Year
1959
Tongue
English
Weight
475 KB
Volume
7
Category
Article
ISSN
0030-364X

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## Abstract An approach to the optimal purchasing of raw materials that will achieve a desired product quality at a minimum cost is presented. A PLS (Partial Least Squares) approach to formulation modeling is used to combine databases on raw material properties and on past process operations and to