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Stocks Management And Control: Actual Aspects For A Small And Middle-Size Business Company

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  • A. D. Rudenko

Abstract

In this article the following aspect in costs management is considered, such as stock management and control improvement through economic order quantity (EOQ) formula modification (Wilson Formula) for classic one-product model with the fixed order lot size. There is an attempt made in order to approximate the classic formulas to the real company operational conditions. Safety stock management model is also considered; modified formulas for EOQ and order moment are achieved: specific features of the obtained results application in practice are studied for modern companies and firms.

Suggested Citation

  • A. D. Rudenko, 2015. "Stocks Management And Control: Actual Aspects For A Small And Middle-Size Business Company," Russian Journal of Industrial Economics, MISIS, issue 4.
    • Handle: RePEc:ach:journl:y:2015:id:401
    DOI: 10.17073/2072-1633-2011-4-63-67
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