Notes in The Inventory Theory/ ملاحظات في نظرية المخزون
nventories are stocks of goods stored for specific reasons, despite the storage costs and the capital that could be invested elsewhere. There are various reasons for maintaining inventories. Often, they are held due to economies of scale in production or seasonal fluctuations in the prices of raw ma...
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INP
2024
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| Rochtain ar líne: | http://repository.inp.edu.eg//handle/123456789/5870 |
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| Achoimre: | nventories are stocks of goods stored for specific reasons, despite the storage costs and the capital that could be invested elsewhere. There are various reasons for maintaining inventories. Often, they are held due to economies of scale in production or seasonal fluctuations in the prices of raw materials used in production. Uncertainty in future demand and the time lag between placing orders and receiving goods are also strong reasons for holding inventories.
The motives for maintaining inventories can be summarized into three main types: transactional, precautionary, and speculative motives. In fact, the issue of controlling inventories is a general problem that appears in various fields of study and is not limited to the economic management of commodity stocks. Arrow, Karlin, and Boarf point out the broad scope of the subject, stating that an inventory problem might involve deciding how much typing paper to stock each month for an office or how many spare parts to keep on hand for a specific machine. When production is involved, the inventory problem might require determining how much wheat to plant each year or how much gasoline of a certain variety to have blended. |
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