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ERIC Number: EJ1070766
Record Type: Journal
Publication Date: 2015
Pages: 20
Abstractor: As Provided
ISSN: ISSN-1913-9020
Effective Strategy Formation Models for Inventory Management under the Conditions of Uncertainty
Kosorukov, Oleg Anatolyevich; Sviridova, Olga Alexandrovna
International Education Studies, v8 n7 p64-83 2015
The article deals with the problem of modeling the commodity flows management of a trading company under the conditions of uncertain demand and long supply. The Author presents an analysis of modifications of diversified inventory management system with random demand, for which one can find the optimal inventory control strategies, including those taking into account the time value of money and various limitations, thus maximizing the total cash flow. The Author considers stochastic simulation and optimization models which allow a company to reduce the costs of inventory management.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A