The effect of price fluctuations on optimal inventory control policy can be considerable. Most inventory models assume that purchase prices or production unit costs remain constant over the planning period. Computation of optimal inventory policy, without taking price fluctuations into account,...

The development of a method of planning for computer‐integrated manufacture (CIM) used within Eaton Corporation (Truck Components Europe) which produces complex engineering products is described. The method relies heavily on a model of CIM as the basis for planning. Different types of models...

A theoretical model for MRP implementation is presented. Much has been written about MRP and its introduction into an organisation, but the low overall success rate of implementation shows the poor level of understanding and control of the implementation process itself. The basic MRP system, its...