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Inventory Modeling and Inventory Control Application
2020In this chapter, the basic motivation of inventory modeling will be discussed. Briefly description of the developmental history of dynamic inventory models will be given. Different inventory control strategies will be reviewed. Modern inventory control method via dynamical system approach will be illustrated.
Sayantani Mondal +2 more
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SAE Technical Paper Series, 1932
<div class="htmlview paragraph"><b>P</b>ROVIDING ample stock to guard against the possibility of the interruption of production for lack of material was the chief aim of inventory control in 1920. Recognition of the importance of turnover is one of several factors that have led to a study of minimum stocks.
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<div class="htmlview paragraph"><b>P</b>ROVIDING ample stock to guard against the possibility of the interruption of production for lack of material was the chief aim of inventory control in 1920. Recognition of the importance of turnover is one of several factors that have led to a study of minimum stocks.
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2007
If the demand is deterministic and we thus know exactly, how many units of a certain items will be demanded in a certain period, we just have to decide in how many chunks we order this quantity such that the holding costs and order costs are minimal. We may easily include quantity discounts or multiple products in our considerations.
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If the demand is deterministic and we thus know exactly, how many units of a certain items will be demanded in a certain period, we just have to decide in how many chunks we order this quantity such that the holding costs and order costs are minimal. We may easily include quantity discounts or multiple products in our considerations.
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Robust inventory control under demand and lead time uncertainty
Annals of Operations Research, 2017Andreas Thorsen, Tao Yao
semanticscholar +1 more source