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Deterministic modelling for inventory control.
Author(s)
M.Ikram Khan
Mechanical Engineering Department, University of Engineering & Technology, Lahore, Pakistan
M. A. Rehman Sheikh
Mechanical Engineering Department, University of Engineering & Technology, Lahore, Pakistan
Abstract
The study is based on an analysis for a unique situation i.e. a situation where an organization has to maintain inventories for a variety of products and each product is equally important from business point of view. It develops a mathematical model to give optimal stock level, replenishment intervals and maximum profit at a given stock level. The relations derived would be particularly suitable for retail businesses.
Publication Details
Page(s)
127-134
DOI
DOI not available
Published
Journal: Research journal, Volume: 2, Issue: 2, Year: 1987
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