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Unit 13: Inventory Control
Answers: Self Assessment Notes
1. False 2. True
3. True 4. Reduced
5. Cost Comparison method 6. Price Break
7. Lead Time 8. Maximum stock Level
9. Reorder Level
13.7 Further Readings
Books J.K. Sharma, Operations Research, Theory and Applications, MacMillan India Ltd.
Kanti Swarup, P.K Gupta & Manmohan, Operations Research, Sultan Chand
Publications, New Delhi
Michael W. Carter, Camille C. Price, Operations Research: A Practical Introduction,
CRC Press, 2001
Paul A. Jensen, Jonathan F. Bard, Operations Research Models and Methods, John
Wiley and Sons, 2003
Richard Bronson, Govindasami Naadimuthu, Schaum’s Outline of Theory and
Problems of Operations Research, McGraw-Hill Professional; 1997
Online links www.accountingtools.com/questions-and-answers/what-is-inventory-
control.html
www.pc-education.mcmaster.ca/Tutorials.../
http://scm.ncsu.edu/scm-articles/scm-inventory-management
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