A SYSTEM DYNAMICS MODEL TO DETERMINE THE VALUE OF INVENTORY HOLDING COST

Traditionally, Inventory Holding Cost (IHC) is assumed to be a combination of several costs and determined by the summation of these cost components. Several authors have suggested that the value of IHC ranges between 12-50% of the procurement cost of an item. However, due to the absence of a gener...

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Autores principales: BABATUNDE OMONIYI ODEDAIRO, EMILOLA HELEN ALABA, INYENEOBONG EDEM
Formato: article
Lenguaje:EN
Publicado: Alma Mater Publishing House "Vasile Alecsandri" University of Bacau 2020
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Acceso en línea:https://doaj.org/article/51af5d55fb2343879e5c5e51899136b5
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