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1979•INFORMS Journal on Applied AnalyticsRequires access

Using MRP and EOQ/Safety Stock for Raw Materials Inventory Control: Discussion and Case Study

Matthew J. Liberatore

Open publisher page 12 citations

Abstract

The MRP and EOQ safety stock model approaches are reviewed relative to raw materials inventory control. Useful methods for developing order quantities, lead time demand distributions, and other parameters are presented. Ways to use and combine these approaches are considered. In conclusion, a case study in chemical process operation is presented.

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What this paper is about

The MRP and EOQ safety stock model approaches are reviewed relative to raw materials inventory control. Useful methods for developing order quantities, lead time demand distributions, and other parameters are presented. Ways to use and combine these approaches are considered. In conclusion, a case study in chemical process operation is presented.

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OpenAlex reports 12 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The MRP and EOQ safety stock model approaches are reviewed relative to raw materials inventory control. Useful methods for developing order quantities, lead time demand distributions, and other parameters are presented. Ways to use and combine these approaches are considered. In conclusion, a case study in chemical process operation is presented.

Key concepts: Economic order quantity, Safety stock, Inventory control, Raw material, Operations research, Stock (firearms), Control (management), Operations management

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