Inventory Management has been widely discussed in theliterature. Recently, the so called quot;Just in TimeAtilde;cent;Acirc;not;Acirc;? methodreceived extensive publicity and was claimed to be one of themajor factors of the Japanese industrial success. This, in turn,promoted a large campaign in the...

Quality Control sampling plans are normally chosen by usingindustrial and military standards. These standards do notinvolve economic considerations, and usually fail to meet costconsiderations.The Information Economic approach presented in this papersuggests an easy to use methodology which...