Modelling Stock Control

Synopsis: The National Coal Board is the largest buyer of engineering equipment in Britain. How do they manage their ordering? With interviews shot on location in one of their largest stores depots, reveals the mathematics behind the operational research problem of ordering and stock control. It shows how the factors underlying stock control problem can be analysed, in terms of progressively more complicated mathematical models, but concentrates on the simplest model producing the famous square root formula for re-order quantities.
Series: Mathematics: A Foundation Course, Course M101
Language: English
Country: Great Britain
Medium: Video; Videocassette. Standard formats. col. 24 min.
Year of production: 1979
Availability: Off-air recording licence
Sale; 1994 sale: (M101) £60.00 (+VAT +p&p) combined with three other programmes from the course on a single cassette. 1997 sale: (MS284/VC3) £55.00 (+VAT +p&p)
Subjects: Mathematics
Keywords: calculus; mathematical modelling; stock control

Name: Open University Worldwide
Web: http://www.ouw.co.uk External site opens in new window
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Address: Walton Hall
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MK7 6AA
Notes: NB. As of May 2016 Open University Worldwide are no longer distributing DVDs. They have posted this message on their website: ‘Unfortunately Open University Worldwide Limited has decided that product sales are no longer viable given the reduced funding to Higher Education institutions and diminishing demand for the products we have traditionally stocked. At present the Open University Students Association (OUSA) will continue to sell the "Good Study Guide", and we are in discussion with other possible distributors to continue to make The Open University’s products available for purchase. As soon as we have any information on other channels of distribution we will update this notice’. Some products are still available via second hand dealers on Amazon.co.uk

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