The Dunlop Company Limited

^†Now in the Information Handling Department of B.O.A.C.

Abstract

Previous work on stock control has been mainly concerned with specific models or situations. This paper is an attempt at a more general method capable of dealing with distributed demands coupled with distributed lead times for a single stage stock system. Although primarily intended for manual operation, extensions to computer use are indicated. The criterion for determining stock investment is discussed and one based on return on capital employed is advocated.