Inventory model of raw materials

Inventory model of raw materials

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Article ID: iaor20023552
Country: China
Volume: 17
Issue: 4
Start Page Number: 70
End Page Number: 73
Publication Date: Aug 2001
Journal: Journal of Mathematics for Technology
Authors: ,
Abstract:

In this paper, the inventory problem of raw material and products is considered for a plant where production and sales exist in the same time interval. A general inventory model and its calculation method are given to decide the optimal production cycle, and two examples are given to illustrate the model.

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