Applied probability model of inventory multi- period in stores of cement factory in Samawah
DOI:
https://doi.org/10.33095/jeas.v19i74.1451Keywords:
/ Economic Order Quantity – Reorder point- Safety stock- Stochastic demand- Inventory Management.Abstract
In this paper will be applied to a probability model of inventories periods of multiple stores of raw materials used in the cement industry, cement factory in Samawah and basic materials are limestone, soil normal, iron soil, fuel oil and gypsum. It was built of this model after the test and determine the distribution of demand during the supply period (waiting period) for each subject and independently of the rest of the material as it is not affected by any of the materials above interrelated in the process of supply, this test has been using the Statistical Package of (SPSS) and then was determining the amount of request optimum seeking in each batch and each substance known volume of economic optimization of the order and determine the reorder point for each subject and then were compared to the costs of storage total between the approach in the management of stores in this factory and the model that was built , The cost was the use of probability model is less than the method used by the company in demand management.
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