Decisions affecting the operations of the transformation process usually involve multiple resources and a large portion of the firm's capital. The quality of the decision-making process must be high if the firm is to avoid needless expenses and remain competitive. One method of obtaining a high level of quality in the decision-making process is to ensure the accuracy of the data being utilized. The model presented provides a higher degree of dynamics than the current process, and should yield a more accurate value of the firm's holding cost given different operational scenarios.
|Number of pages||3|
|State||Published - 1996|
|Event||Proceedings of the 1996 27th Annual Meeting of the Decision Sciences Institute. Part 2 (of 3) - Orlando, FL, USA|
Duration: Nov 24 1996 → Nov 26 1996
|Conference||Proceedings of the 1996 27th Annual Meeting of the Decision Sciences Institute. Part 2 (of 3)|
|City||Orlando, FL, USA|
|Period||11/24/96 → 11/26/96|