Information inaccuracy in inventory systems: stock loss and stockout

@inproceedings{Kang2005InformationII,
  title={Information inaccuracy in inventory systems: stock loss and stockout},
  author={Yun Kang and Stanley B. Gershwin},
  year={2005}
}
Many companies have automated their inventory management processes and now rely on information systems when making critical decisions. However, if the information is inaccurate, the ability of the system to provide a high availability of products at the minimal operating cost can be compromised. In this paper, analytical and simulation modelling demonstrate that even a small rate of stock loss undetected by the information system can lead to inventory inaccuracy that disrupts the replenishment… CONTINUE READING

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