DETERMINISTIC AND PROBABILISTIC MODELS IN INVENTORY CONTROL
Journal Title: Международный научный журнал "Интернаука" - Year 2018, Vol 2, Issue 22
Abstract
Inventory is essential to provide flexibility in operating a system or organization. An inventory can be classified into raw material inventory, work in process inventory and finished goods inventory. The raw material inventory removes dependency between various machines of a product line. The finished goods inventory removes dependency between plants and its customers or markets. The main functions of an inventory can be classified into smoothing out irregularities in supply, minimizing the production cost and allowing organizations to coupe up with perishable materials. In an industry it is always necessary to keep the inventory optimal by minimizing the cost of ordering and handling. This can be done by adopting some inventory control models. The applications of them vary from industry to industry.
Authors and Affiliations
Mariya Lioutsko, Olga Tsesliv
Keywords
Related Articles
- EP ID EP616125
- DOI -
- Views 115
- Downloads 0
BENEFITS OF IMPLEMENTATION OF PRE-, WHILE AND POST READING ACTIVITIES IN LANGUAGE LEARNING
This article deals with the implementation and benefits of using pre-, while and post reading activities in language learning.
ELEMENTS OF PEDAGOGICAL ACTIVITIES OF A PHYSICAL EDUCATION TEACHER
The elements of pedagogical activities of physical education teacher have been singled out in the article. Pedagogical and psychological competence have been defined and characterized for the efficiency of pedagogical ac...
CRIMINAL RESPONSIBILITY FOR THE MURDER
Classification of murders in the Russian legislation.
MODELS OF CENTRAL AND LOCAL AUTHORITIES’ INTERACTION
Basic models of local and central authorities’ interaction in the sphere of public policy formation and realization is analyzed. Main principles of this interaction are defined.
MAIN DIRECTIONS PREVENTION OF BANKRUPTCY OF ENTERPRISES
The article examines the main aspects connected with the nature of bankruptcy in Ukraine and proposed measures to prevent it.