A Reappraisal of the Square Root Law
International Journal of Physical Distribution & Materials Management
ISSN: 0269-8218
Article publication date: 1 March 1978
Abstract
In a recent article Maister discusses the role of centralised inventory in a logistics system and provides a proof of the square root law recognised to be useful for this purpose by several authors (Starr and Miller, Brown, and Heskett et al.). However, the previous authors applied the law to describe the distribution of safety stocks whereas Maister attempts to extend it to the case of cycle stocks as well. The present paper re‐examines the law critically and raises some questions regarding its applicability, especially to the case of cycle stocks. Certain pertinent issues are also discussed at the end.
Citation
Das, C. (1978), "A Reappraisal of the Square Root Law", International Journal of Physical Distribution & Materials Management, Vol. 8 No. 6, pp. 331-336. https://doi.org/10.1108/eb014428
Publisher
:MCB UP Ltd
Copyright © 1978, MCB UP Limited