Review of literature on inventory management

As they are like money placed in a drawer, assets tied up in investments, incurring costs for the care of the stored material and also subject to spoilage and obsolescence there have been a spate of programs developed by industries, all aimed at reducing inventory levels and increasing efficiency on the shop floor.

Literature review of inventory management project

A literature review on inventory modeling with reliability ational journal of industrial engineering computations , 5(1), , m.

Management science, 12(11), 745–l: international journal of industrial engineering computations | year: 2014 | volume: 5 | issue: 1 | views: 4724 | reviews: imperfect quality items with learning and inflation under two limited st ...

The earliest scientific inventory management researches date back to the second decade of the past century, but the interest in this scientific area is still great.

The effect of quality cost on inventory model for product life cycle with growth stage and defective items.

Science » international journal of industrial engineering computations » a literature review on inventory modeling with reliability (396)msl (1505)dsl (234)ccl (140)uscm (163)esm (125)ac (61)jpm (21).

Multi-item inventory models with price dependent demand under flexibility and reliability consideration and imprecise space constraint: a geometric programming approach.

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So formulating a suitable inventory model is one of the major concerns for an industry.

Management science, 12(11), 745–l: international journal of industrial engineering computations | year: 2014 | volume: 5 | issue: 1 | views: 4723 | reviews: imperfect quality items with learning and inflation under two limited st ...

Inventory models could be both deterministic and probabilistic and both of which must account for the reliability of the associated production process.

This paper analyzes possible parameters of existing models of inventory control an attempt is made to provide an up-to-date review of existing literature, concentrating on descriptions of the characteristics and types of inventory control models that have been l: business systems & year: 2015issue no: 1page range: 26-35page count: 10.

Management science, 12(11), 745–l: international journal of industrial engineering computations | year: 2014 | volume: 5 | issue: 1 | views: 4722 | reviews: imperfect quality items with learning and inflation under two limited st ...

Literature review on models of inventory management under (s): serhii ziukovsubject(s): economypublished by: mykolas romeris universitykeywords: fuzzy sets; inventory management; models under uncertainty;eoq; y/abstract: inventories are raw materials, work-in-process goods and completely finished goods that are considered to be the portion of business’s assets that are ready or will be ready for sale.

Ds: eoq, epq, imperfect production process, inventory model, process ct: inventories are the materials stored either waiting for processing or experiencing processing and in some cases for future delivery.

This paper discusses the major works in the field of inventory modeling driven by reliability considerations, which ranges from the very beginning to latest works just to cite this , i & sultana, i.