Y77Inventory Management Model: A New EOQ Approach for Risk Management

Aly Mansour, Muath Eleswed, Athmar Al-Salem

Research output: Contribution to journalArticlepeer-review

Abstract

The purpose of this study was to introduce the Yousef77 Inventory Management Model (Y77IMM) as a new economic order quantity EOQ approach for risk management enhancement. A mixed-method approach using grounded theory and descriptive statistics was utilized to develop the Y77IMM that was applied more than 4000 years ago. Results of the study show that the Y77IMM is efficient, flexible, adaptive, and efficiently able to forecast needed demands. Thus, the study suggests a full utilization of the Y77IMM. Finally, based on the results, implications and recommendations for further study were made.
Original languageAmerican English
Pages (from-to)123-129
JournalInternational Journal of Business and Social Science
Volume6
Issue number5
StatePublished - 2015

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