Visualise a company with 10,000 product items and several warehousing levels in its physical distribution channel. If this company is typical, it is not likely to stock all 10,000 items at all warehouses. But which items should be stocked at which warehouses? Fortunately, there are at least some...

Computerising inventory control procedures is usually an attempt to gain better control over stock availability. The effectiveness of the procedures depends on the time delays imparted by such events as order processing and delivery. Through these time delays, much of a finished goods physical...