IMPROVEMENT OF EOQ MODEL AND EXPANDING ITS CAPABILITIES FOR INVENTORY MANAGEMENT OF ENTERPRISES IN DIFFERENT CONDITIONS
A.V. Chuvaev, O.L. Lyamzin
Novosibirsk State Technical University, Karl Marx ave., 20, Novosibirsk, Novosibirsk Region, 630073
Keywords: modification of EOQ model, inventory management
Abstract
The article deals with the methods of inventory management of enterprises, in particular the use of models Economic Order Quantity (EOQ) to determine the optimal order quantity. The authors give brief analysis of existing modifications of the model EOQ. The authors come to the conclusion that all the modifications are intended for individual cases. Authors propose the universal algorithm for creation such modifications of the model to widespread its use. The main recommendations and approaches for creation of specific models modified to the needs of specific cases are given in the article.
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