International Research Journal of Commerce , Arts and Science

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THEORETICAL ASPECTS ON THE MODELS OF INVENTORY MANAGEMENT UNDER UNCERTAINTY

    1 Author(s):  MUKTA AGRAWAL . DR. AMARDEEP SINGH

Vol -  7, Issue- 2 ,         Page(s) : 131 - 138  (2016 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Inventories are crude materials, work-in-procedure merchandise and totally wrapped up products that are thought to be the segment of business' benefits that are prepared or will be prepared for sale. Formulating a reasonable stock model is one of the real attentiveness toward an industry. The soonest experimental stock administration looks into go back to the second decade of the past century however the enthusiasm for this experimental range is still awesome. Again considering the unwavering quality of any procedure is a vital component in the examination exercises. Estimations of a few elements are extremely difficult to characterize or practically stunning. In such cases, fluffy models of stock administration take an vital spot. This paper breaks down conceivable parameters of existing models of stock control. An endeavor is made to give an up and coming survey of existing writing, focusing on portrayals of the attributes and sorts of stock control models that have been created.

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