Optimal decision rules are presented for determining both the best stock‐up level and the best time to receive an order in a fixed order‐interval inventory system under certainty. In developing such rules, an important, but heretofore neglected, factor is taken explicitly into account,...

This paper examines the sensitivity of the Economic Order Quantity (EOQ) inventory model to lot size errors when the purchase cost per unit, C, and the replenishment cost per order, A, are both dependent on the amount ordered, Q. A formula for the percentage increase in average annual variable...

This paper examines potential cognitive difficulties inherent in the use of performance measurement systems. We examine the potential for emphasizing financial measures as compared to nonfinancial measures in the evaluation of an organization's overall performance. The results suggest that users...

Purpose – Globalisation and liberalization of today's markets economy has posed new challenges to all manufacturing organizations, irrespective of their size and sector, for effective utilization of advanced manufacturing technologies (AMTs) for sustaining their competitiveness. The purpose of...

Purpose: The purpose of this paper is to explore the success factors for the assessment of manufacturing system output. Design/methodology/approach: Exploratory factor analysis and second-order confirmatory factor analysis were used to analyze data and test hypotheses, respectively. A total of...

Purpose: The purpose of this research paper is to identify the sources of job stress and their impact on health of employees. Design/methodology/approach: A total of 650 employees of power sector in Punjab (India) responded to the survey. Exploratory factor analysis and ANOVA were performed....