Inventory analysis is one of the branches of Operation Research which deals in studying and understanding the stock/
product
Product may refer to:
Business
* Product (business), an item that serves as a solution to a specific consumer problem.
* Product (project management), a deliverable or set of deliverables that contribute to a business solution
Mathematics
* Prod ...
mix combined with the knowledge of the demand for stock/
product
Product may refer to:
Business
* Product (business), an item that serves as a solution to a specific consumer problem.
* Product (project management), a deliverable or set of deliverables that contribute to a business solution
Mathematics
* Prod ...
. It is the technique to determine the optimum level of inventory for a firm.
Computing inventory balances
*
Average-cost method
*
First in first out
*
Last in first out
References
Inventory optimization
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