Inventory Management and Reorder Point (ROP) Strategy Using ABC Analysis Methods in Textile Manufacture

Analysis of an Economic Order Quantity and Reorder Point Inventory Control Model for Company XYZ

As a result to today’s uncertain economy, companies are searching for alternative ways to stay competitive. In which, Company XYZ has been faced with an ineffective forecasting method that has lead to multiple product stock outs. The issue faced has caused sales loss as well as profit loss, which companies can not afford to lose if they want to stay competitive. This project goes through the pr...

langauge needs analysis of undergraduate business management and economics students

the aim of conducting this study was to investigate the foreign language learning needs of undergraduate economics students and business management students in faculties of social sciences of alzahra and azad naragh university. in the study, which was designed on the basis of a qualitative-quantitative basis using interviews and questionnaires, 146 female undergraduate business management as we...

Using DEA to compute most favourable and least favourable sets of weights in ABC inventory classification

Stochastic Reorder Point-Lot Size (r, Q) Inventory Model under Maximum Entropy Principle

This paper takes into account the continuous-review reorder point-lot size (r,Q) inventory model under stochastic demand, with the backorders-lost sales mixture. Moreover, to reflect the practical circumstance in which full information about the demand distribution lacks, we assume that only an estimate of the mean and of the variance is available. Contrarily to the typical approach in which th...

ABC and VED Analysis in Medical Stores Inventory Control.

BACKGROUND The basic principle of inventory control is ABC based on cost criteria and VED on criticality. METHODS Based on ABC-VED matrix, economic analysis of drug expenditure of priced vocabulary of medical stores (PVMS) section 01 for the year 2003 of a 190 bedded service hospital was under taken. RESULT Out of 493 drugs in PVMS section 01, only 325 drugs were being used in the reference...