Volume no :22, Issue no: 1, February (2020)

ON PROGNOSIS OF INDUSTRIAL ENTERPRISE INVENTORY MANAGEMENT FOR RECOMMENDATION TO OPTIMIZE THIS PROCESS

Author's: E. L. Pankratov
Pages: [59] - [70]
Received Date: November 3, 2019
Submitted by:
DOI: http://dx.doi.org/10.18642/jpamaa_7100122113

Abstract

The need to maximize profits leads to the need to compile an optimal output plan with available resources and to decrease costs of products [1-5]. One of the forms of costs is the cost of storing stocks. With their increase, this value also increases. At the same time, a decrease in the supply of resources can lead to a halt in production. In this situation, the present paper proposes a model of enterprise inventory management. On the basis of this model, a compromise value of the parameters was obtained, which makes it possible to minimize the costs associated with the availability of reserves.

Keywords

minimization of attendant costs, inventory management, modelling of economical processes, prognosis of economical processes, optimization of economical processes.