Y77Inventory Management Model: A New EOQ Approach for Risk Management

Aly Mansour; Muath Eleswed; Athmar Al-Salem

Y77Inventory Management Model: A New EOQ Approach for Risk Management

Aly Mansour
, Muath Eleswed
, Athmar Al-Salem

Research output: Contribution to journal › Article › peer-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 language	American English
Pages (from-to)	123-129
Journal	International Journal of Business and Social Science
Volume	6
Issue number	5
State	Published - 2015

Cite this

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title = "Y77Inventory Management Model: A New EOQ Approach for Risk Management",

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.",

author = "Aly Mansour and Muath Eleswed and Athmar Al-Salem",

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language = "American English",

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T1 - Y77Inventory Management Model: A New EOQ Approach for Risk Management

AU - Mansour, Aly

AU - Eleswed, Muath

AU - Al-Salem, Athmar

PY - 2015

Y1 - 2015

N2 - 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.

AB - 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.

UR - https://dspace.auk.edu.kw/handle/11675/7694

M3 - Article

VL - 6

SP - 123

EP - 129

JO - International Journal of Business and Social Science

JF - International Journal of Business and Social Science

IS - 5

ER -

Y77Inventory Management Model: A New EOQ Approach for Risk Management

Abstract

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