International Journal of Economic and Business Management
 

 International Journal of Economic and Business Management

Vol. 3(5), pp. 58-61,  October, 2015.

ISSN: 2384-6151

DOI: 10.14662/IJEBM2015.023

Full Length Research

Optimization of Stock Levels Using Inventory Models

¹Chukwuma E. Iwuagwu and ²Moses O. Nwosu

¹Department of Statistics, Abia State Polytechnic, Aba. Email: iwuagwuchuks@gmail.com

²Department of Statistics, Abia State Polytechnic, Aba. Email: abinnogoes@gmail.com

Accepted 13 October 2015

For a successful conduct of a day to day operation, manufacturers and sellers of goods must obtain a variety of goods. This paper looked at inventory control system which protect the assets of companies and at the same time, maintain an optimal level of inventory investment. A practical illustration was used to show how the models worked, which will ensure effective and efficient handling of stocks.

Keywords: Inventory, Optimization, Stock Levels, Inventory Models

 

Cite This Article As: Iwuagwu CE, Nwosu MO (2015). Optimization Of Stock Levels Using Inventory Models. Inter. J. Econ. Bus. Manage. 3(5): 58-61.

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