Effective Strategy Formation Models for Inventory Management under the Conditions of Uncertainty

  •  Oleg Kosorukov    
  •  Olga Sviridova    


The article deals with the problem of modeling the commodity flows management of a trading company under the conditions of uncertain demand and long supply. The Author presents an analysis of modifications of diversified inventory management system with random demand, for which one can find the optimal inventory control strategies, including those taking into account the time value of money and various limitations, thus maximizing the total cash flow. The Author considers stochastic simulation and optimization models which allow a company to reduce the costs of inventory management.

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