A stock of materials used to satisfy customer demand or to support the production of services or goods.
Types of Inventory
Work in Progress
Safety Stock Inventory
Inventory Management involves the planning and controlling of inventories in order to meet the competitive priorities of the organization.
Lagrange function is a strategy for finding the local maxima and minima of a function subject to equality constraint.
MULTIPLE ITEMS INVENTORY MODELS
Constraints on Budget
Constraints on Space
Constraints on Number of Orders
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