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Comparing continuous control policies by modeling and simulation of the procurement process
2020
International Journal of Engineering & Technology
Inventory management is a challenging problem area in supply chain management and companies need to have inventories in warehouses in order to satisfy customer's needs. Meanwhile, these inventories have holding costs and this is a frozen fund that can be lost. Therefore, the task of inventory management is to find the right quantity of inventories that will fulfill the demand with the right price, avoiding overstocks. The aim of this paper is to carry out a comparing study of continuous
doi:10.14419/ijet.v9i1.29949
fatcat:25p54ctpovbqnhqskvitiiz4k4