Full, accurate and evident information about stocks is a key factor of successful inventory management process. Effective inventory management should include a comprehensive solution, based on mathematical methods and control of current balances and software. Such solution for small businesses should be effective and should not be too expensive. The paper shows an approach to using database tec...

a new mathematical model for the optimal production isformulated for the inventory management system under time-varyingand stochastic inflation environment for deteriorating items. the timehorizon is finite and demand rate is dependent to the inflation. in thereal situation, some but not all customers will wait for backlogged itemsduring a shortage period, such as for fashionable commodities or...

radio frequency identification (rfid) is used to identify the characteristics of an object wirelessly using radio waves. the purpose of this technology in this study is mainly focused on healthcare for inventory management and theft control replacing the manual logs. the storage and tracking of high-cost inventory items is developed. automatic reordering and billing interfaces are designed for ...

in English) Supply chain management addresses the management of materials and information across the entire chain from suppliers to producers, distributors, retailers, and customers. In the past few decades, scholars gave ample attention about the impact of inventory on Supply Chain Management (SCM). Roughly speaking, research on supply chain management has been mainly focused on three major is...

Problem statement: Today, inventory management is considered to be an important field in Supply chain management. Once the efficient and effective management of inventory is carried out throughout the supply chain, service provided to the customer ultimately gets enhanced. Hence, to ensure minimal cost for the supply chain, the determination of the level of inventory to be held at various level...

This article presents theoretical basis of spare parts inventory management in manufacturing company. Basis definitions, allocation and differences in spare parts inventory management were compared with other manufacturing inventories. The issue of spare parts inventory management is emphasized in aspect of maintaining continuity of production and generated costs of maintaining inventory.

Recent years have witnessed phenomenal growth of successful deployments of innovative pricing strategies in a variety of industries. For instance, no company underscores the impact of the Internet on product pricing strategies more than Dell Computers. The price of a product is not fixed on Dell’s Web site; it may change significantly over time. Of course, Dell is not alone in its use of sophis...

Traditional inventory models focus on risk neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. In this paper, we propose a general framework for incorporating risk aversion in multi-period inventory models as well as multi-period models that coordinate inventory and pri...