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  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Decision sciences 12 (1981), S. 0 
    ISSN: 1540-5915
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Material requirements planning (MRP), a comprehensive planning and control technique based upon the dependent demand principle, enables manufacturing organizations to provide better customer service, reduce inventory investment, and increase resource utilization. This paper extends the dependent demand principle to the service sector and thus provides the basis for applying MRP to higher education. In the short run, administrators can schedule the necessary number of required courses and load each course based on student priorities to provide increased customer (i.e., student) service and faculty utilization. In the long run, course enrollment forecasts can be utilized by administrators to plan and control changes in faculty resources across departments and schools.
    Type of Medium: Electronic Resource
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Decision sciences 14 (1983), S. 0 
    ISSN: 1540-5915
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The classical analysis of the economic order quantity (EOQ) problem ignores the effect of inflation. When a firm's cost factors are expected to rise at an annual rate of 10 percent or more, what adjustments in order quantities should the firm make to control its lot-size inventory (or cycle stock)? Using a model that includes both inflationary trends and time discounting, it is concluded that inflation brings no incentive either to increase or to decrease order quantities. In addition, order quantities can be computed using the classical EOQ formula under inflationary conditions, provided that the cost of capital invested in inventory is interpreted as an inflation-free cost. This interpretation implies that changes in the inflation rate should not affect the cost of capital that is utilized in the EOQ formula for determining order quantities.
    Type of Medium: Electronic Resource
    Library Location Call Number Volume/Issue/Year Availability
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