Naim, M.M.; Wikner, J.; Grubbström, R.W. - In: Omega 35 (2007) 5, pp. 524-532
This paper shows the impact of using the net present value (NPV) on parameter selection in the ordering policy of a production planning and control system. Using a well understood and documented model, the net present value is used as an objective function to determine the discounted future...