Several Methods of Inventory Control

This paper would firstly introduce the Single-Period Inventory Model, a basic method of inventory control. By analyzing Newsvendor Problem which is simplified situation storing inventories, this discover using normal distribution analysis to solve problem. Then, promote adoption into realistic problems and discuss its utility. Secondly, topic expanded Multi-Period System. system focus on more sophisticated situation, it could be basically categorized two models: fixed-order quantity model, fixed time period model. The methods ordering determination models respectively.