A PCbased Spreadsheet Support System for the NewsboyInventory Control Problem

In this article, a PCbased spreadsheet support system SSS for controlling inventory and service level for the newsboy problem is developed utilising Lotus 123 spreadsheet capabilities. The technical aspects of the SSS are presented and discussed within the context of a numerical example. The develop...

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Bibliographic Details
Published in:International journal of operations & production management 1991-10, Vol.11 (10), p.58-63
Main Authors: AlFaraj, Taqi N., AlZayer, Jamal A., Alidi, Abdulaziz S.
Format: Article
Language:English
Subjects:
Inventory control
Optimization
Personal computers
Online Access:Get full text
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Summary:In this article, a PCbased spreadsheet support system SSS for controlling inventory and service level for the newsboy problem is developed utilising Lotus 123 spreadsheet capabilities. The technical aspects of the SSS are presented and discussed within the context of a numerical example. The developed SSS permits the decision maker to simulate and analyse the impact of parameter changes on the inventory system using a familiar PC spreadsheet package.
ISSN:0144-3577
DOI:10.1108/EUM0000000001290