An Inventory Model
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![Page 1: An Inventory Model](https://reader034.fdocuments.in/reader034/viewer/2022042705/55cf8f93550346703b9da58e/html5/thumbnails/1.jpg)
AN INVENTORY MODEL
SITI FATIMAH BINTI ZAKARIA 1120788HALEEDA BINTI AMRAN 1120072ROZAILA ADIBA BINTI RAZMI 1121370SITI HAJAR BINTI MOHD HANAFI 1121634NOR SYAMIMI FARHAH BINTI IBRAHIM1120852
![Page 2: An Inventory Model](https://reader034.fdocuments.in/reader034/viewer/2022042705/55cf8f93550346703b9da58e/html5/thumbnails/2.jpg)
DEFINITION• Mathematical equation or formula
that helps a firm to determine the economic order quantity, and the frequency of ordering.• To keep goods or services flowing
to the customer without interruption or delay.
![Page 3: An Inventory Model](https://reader034.fdocuments.in/reader034/viewer/2022042705/55cf8f93550346703b9da58e/html5/thumbnails/3.jpg)
• S : Maximum number of stock• s : Minimum number of stock• If stock < s , restock. stock > s , no replenishment
How does it work?
![Page 4: An Inventory Model](https://reader034.fdocuments.in/reader034/viewer/2022042705/55cf8f93550346703b9da58e/html5/thumbnails/4.jpg)
nX
n
: The quantity on hand at the end of period n just prior to restocking.
: The quantity demanded in the nth period
0ka and
0
1k
ka
![Page 5: An Inventory Model](https://reader034.fdocuments.in/reader034/viewer/2022042705/55cf8f93550346703b9da58e/html5/thumbnails/5.jpg)
10 =
0 =
6 =
-1 =
2 =
![Page 6: An Inventory Model](https://reader034.fdocuments.in/reader034/viewer/2022042705/55cf8f93550346703b9da58e/html5/thumbnails/6.jpg)
FORMULA :
EXAMPLE
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