Business, Management and Accounting
8 years ago

Optimal inventory policy slashes costs for manufacturing enterprises.

Advanced materials research
Study on the (s, S) Policy for the Manufacturing Enterprises Inventory Management
Jian Yang, Can Rong Zhang

Paper Summary

The article explores how to best manage inventory in manufacturing companies to minimize costs. By using a specific inventory policy, the researchers developed two models to find the most cost-effective approach. Their analysis showed that this optimal policy can significantly reduce inventory costs.

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