Unpreserved Inventory Models with Inflation Induced Demand under Progressive Credit Limit

Vijesh Kumar; Adeeba Umar

doi:https://doi.org/10.14445/22315373/IJMTT-V46P533

International Journal of Mathematics Trends and Technology

Research Article | Open Access | Download PDF

Volume 46 | Number 4 | Year 2017 | Article Id. IJMTT-V46P533 | DOI : https://doi.org/10.14445/22315373/IJMTT-V46P533

Unpreserved Inventory Models with Inflation Induced Demand under Progressive Credit Limit

Vijesh Kumar, Adeeba Umar

Abstract

Inventory control has one of the most important tasks faced by modern manager. The investment in inventories for most form their assets committed to inventories. Further inventories one often the least stable and difficult to manage type of assist. Rapid change in level of business activities effect on inventories. In recent year, change in interest rate effect the inventories. Employ and customer theft has also led to increased cost of maintaining inventories. But carrying inventory is a costly thing as the storage cost, stock out cost, capacity related cost, item cost, ordering cost, deterioration and expiration of the product etc. must be taken in to account. Some policies, procedures and techniques employed in maintaining the optimum number of amount of each inventory item is the inventory management. While inventory is an asset, it is a non productive asset since it earns no interest but costs an organization in handling insurance, taxes, shrinkage and space. Careful inventory management can make a huge difference in the profitability of a firm.

Keywords

Inventory, modern manager, policies.

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Citation :

Vijesh Kumar, Adeeba Umar, "Unpreserved Inventory Models with Inflation Induced Demand under Progressive Credit Limit," International Journal of Mathematics Trends and Technology (IJMTT), vol. 46, no. 4, pp. 230-234, 2017. Crossref, https://doi.org/10.14445/22315373/IJMTT-V46P533