December 2012
Intermediate to advanced
561 pages
22h 33m
English
Content preview from Logistics Management ,3rd Edition by Pearson
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Inventory Management • 129
Table 7.3 Average versus stocking points
Number of
warehouses
√ n
Total average inventory
(Units) Percent change
1 1.0000 3885 —
2 1.4142 5494 141%
3 1.7321 6729 173%
4 2.0000 7770 200%
5 2.2361 8687 224%
10 31326 12285 316%
15 3.8730 15047 387%
20 4.4721 17374 447%
25 5.0000 19425 500%
Source: (Coyle et al. 2001) The management of business logistics, p. 260.
The assumptions to square root law are as follows:
• Inter-location inventory transfer is not at the same common level
• Lead times do not vary
• No change in customer service level
• Normal distribution of demand at each location
The most important limitation attached ...
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