Inventory Investment Analysis Using Biased Sampling Techniques
This paper describes the use of Biased Sampling to solve an inventory planning problem at a firm which produces plastic coated steel products. In this application, the Biased Sampling solutions provided an estimate of the inventory investment savings to be obtained from a major capital investment proposal. The problem structure, the development of biasing procedures to guide the solution process, and the computational results are presented.
Year of publication: |
1977
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Authors: | Berry, William L. ; Marcus, Myles ; Williams, J. Greg |
Published in: |
Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 23.1977, 12, p. 1295-1306
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Publisher: |
Institute for Operations Research and the Management Sciences - INFORMS |
Saved in:
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