Ayub, Mehar and Ahsanuddin, Muhammad (2000): A computational model for inventory management and planning. Published in: Conference Proceedings, Cambridge University , Vol. 1, No. 2 (2006): pp. 1-13.
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The objective of the study is to determine the factors of the optimal level of merchandizing inventory. The study is based on a mathematical model. The results revealed some interesting findings. The most important conclusion is that the 'Usage of Material' or the Sales Volume is not the real determinate of the inventory volume. It is concluded in the model that the volume of inventories depends on the difference between the return on investment in the inventories and the rate of interest on short-term deposits. The traditional methods in cost accounting - Buffer Stock and Economic Order Quantity - have been reconciled with the profit maximization hypothesis.
|Item Type:||MPRA Paper|
|Original Title:||A computational model for inventory management and planning|
|Keywords:||Inventory Control; Economic Order Quantity; Buffer Stock; Baumoul's Model; Optimization; Material Cost Accounting|
|Subjects:||C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting
|Depositing User:||Ayub Mehar|
|Date Deposited:||30. Oct 2006|
|Last Modified:||11. Feb 2013 23:39|
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