Analysis of Inventory System using Scilab

Author(s):

Parul Bansal; Poonam Yadav; Poonam Yadav

Published in:

HCTL Open International Journal of Technology Innovations and Research (IJTIR), eISSN: 2321-1814

Published on:

02-May-2015

Volume:

Volume 14, April 2015, ISBN:978-1-62951-946-3.

Copyright Information:

© 2015 by the Authors; Licensed by HCTL Open, India.

License Information:

This article is an open-access article distributed under the terms and conditions of the Creative Commons Attribution 4.0 International License.

Abstract

Inventory occupies the most tactical place in the model of working capital of any organization and its proper management is of great importance. In this paper, we have presented a model for inventory management system keeping in view various factors like arrival of goods, delivery cycle and order cycle. We have used the Scicos/Xcos toolbox of SciLab open access software to design the process of inventory system that can support the decision making process.


Keywords

Inventory system, SciLab simulation, order cycle, delivery cycle, decision making

Cite this Article

Parul Bansal; Poonam Yadav; Poonam Yadav, Analysis of Inventory System using Scilab, HCTL Open International Journal of Technology Innovations and Research (IJTIR), Volume 14, April 2015, eISSN: 2321-1814, ISBN (Print): 978-1-62951-946-3.

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