Journal Article The Marginalist Principle in a Discrete Production Model Under Uncertain Demand: Comment Get access T. M. Whitin T. M. Whitin Wesleyan University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 88, Issue 1, February 1974, Pages 139–140, https://doi.org/10.2307/1881801 Published: 01 February 1974

I. Introduction, 520. — II. A simple model, 522. — III. An examination of Graham's principal conclusions, 526. — IV. Relaxation of the assumptions, 537. — V. Relation to linear programming, 540. — Mathematical Appendix, 542.

I. Current emphasis on inventory control, 502. — II. The calculation of economic purchase quantities and reorder points, 503. — III. The interaction of economical purchase quantities and reorder point quantities, 508. — IV. Analysis of inventory control problems for style goods, 513. — V. The relationship between inventory control analysis, businessmen's behavior, and economic theory, 517.

Abstract The author of this article critically examines joint analysis as an aid to management. He refers to a paper by Professor Arthur N. Loring, titled "Joint Cost Analysis as an Aid to Management," published in the journal, "The Accounting Review," in which the results of the analysis is given. The author enumerates the proposals made by Loring to ascertain the existence of the conditions arrived at by applying the analysis. The proposals are to, compute a percentage gross margin for the product group, application of the percentage to the sales value production, to deduct the result in each case from the product's sales value and to compare the remainder with the unique processing cost necessary to render the product salable. The author comments that prescribed methods may yield negative joint allocations to some products and that Loring's proposals and statements are not complete and that he has failed to demonstrate that any method of joint cost analysis is in itself useful for managerial decision-making.

Abstract Reviews the book "Industrial Accounting— Transition Problems."