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Inventory Models with management perspective are vitally important to almost any type of industry. Investments in raw materials, qualitative goods, space, budget, fuzzy system costs, spare parts, variable ordering cost, percentage carrying cost, allowing costs for promotion of the finished products, disposal cost of deteriorated items can lead to high operating costs, and decreased production efficiency if these are not controlled. This book focuses on the problems of inventory models with management perspective in small-scale or large-scale manufacturing industries and discusses different...

Models of inventory control are vitally important to almost any type of industry, whether product manufacturing or product purchasing oriented. Investments in raw materials, qualitative goods with reliability, uncertain (fuzzy) system costs, spare parts, entropy, allowing pre-and post deterioration discounts, instant deterioration discounts, costs for promotion of the finished products, disposal cost of deteriorated items and finished products are all critical costs of operations which if not controlled can lead to high capital costs, high operating costs, and decreased production efficiency....