MODEL FOR INVENTORY OPTIMIZATION IN A CONSTRUCTION ENTERPRISE

Rosen Nikolaev and Tanka Milkova

INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", 2019, issue 1, 40-48

Abstract: One of the basic factors for ensuring high economic results and achieving the pre-set business goals is related to optimal inventory management in the logistics system. There are many science-based approaches in the specialized literature aimed at minimizing the costs associated with inventory in an organization. Most of these methods are universal in their nature and do not take into account the characteristic conditions of the activities in each particular organization. This paper proposes a modification of Wilson‘s classic inventory management model, which considers some of the specifics of inventory in a construction enterprise.

Keywords: Inventory management; Optimizing (search for similar items in EconPapers)
JEL-codes: C61 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:emccon:y:2019:i:1:p:40-48

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