Production planning and inventory control second edition by john f. Magee BBA

About This Course

PRODUCTION PLANNING AND
INVENTORY CONTROL
PRODUCTION PLANNING AND INVENTORY CONTROL
SECOND EDITION
JOHN F. MAGEE Vice-President
DAVID M. BOODMAN
Arthur D. Little, Inc. Cambridge, Massachusetts
McGRAW-HILL Book Company
New York • St. Louis • San Francisco Toronto • London • Sydney

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Production Planning and Inventory Control
Copyright © 1958, 1967 by McGraw-Hill, Inc. All Rights Reserved.
Printed in the United States of America. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher.
Library of Congress Catalog Card Number 67-17199 39488
1234567890 MP 7432106987

PREFACE
Thepressureforoperatingcapital,sinceWorldWarII,hasmadebusiness increasingly aware of inventory as a form of earning investment. In turn, this has stimulated extensive work in business, research, and academic circles to build an understanding of the function of inventory and design techniques forimprovedmanagementcontrol.
This book is designed to introduce operating executives, students of busi¬ ness, and engineers of planning and control systems to the concepts and methods which have been developed, emphasizing the functions inventories serve and the pressures and costs bearing on inventory and planning deci¬ sions. The aim is to bring the range of concept and technique to a point of useful application in the practical design of production planning and inven¬ tory control systems. For this purpose, mathematical formulation of concepts andtechniqueshasbeenexcludedasfaraspossibleinthemaintext.Graphs and numerical examples are used extensively to illustrate concepts and methods. Appendixes are included to introduce mathematical methods hav¬ ing general application in production planning and inventory control. Pro¬ cedural and equipment detail has been held to a minimum to emphasize basic analysis and system-design technique.
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