Proposed Model for Optimal Inventory Policy

Mohamed Khalil ^{1*, 2}, El-Sayed Ellaimony ¹, Ahmed Taha ¹ and Mohamed Osman ³

Abstract

The topic of management of stock is an energetic importance to the success of any organization and is one of the serious determinants of the continuity and efficient productivity of any organization. The study considers significant because it is hoped that on the completion, the study will provide further insights into the understanding of stock control measures. Through using vehicle service center as a reference point, the study will make an interesting contribution to the understanding of the general and specific effects of stores control in other private and public utilities. In addition, the study will further justify the need to strengthen management and control of stock with anticipated benefit in view. This paper will be proposed a mathematical model for optimal inventory policy to minimize the total inventory cost by using the assignment technique and will be applied it on a case study.

Keywords

Inventory; Supply chain; Stock control; Assignment Technique

Cite This Article

Mohamed Khalil, El-Sayed Ellaimony, Ahmed Taha and Mohamed Osman (2021). Proposed Model for Optimal Inventory Policy. International Journal of Scientific Advances (IJSCIA), Volume 2| Issue 1: Jan-Feb 2021, Pages 21-29, URL: https://www.ijscia.com/wp-content/uploads/2021/02/Volume2-Issue1-Jan-Feb-No.37-21-29.pdf

Publication In

Volume 2 | Issue 1: Jan-Feb 2021