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Graph of Inventory Costs with Lot Size Reorder Point System Model (Source: Company Data Processed)

Graph of Inventory Costs with Lot Size Reorder Point System Model (Source: Company Data Processed)

Source publication
Figure 1. Graph of Delivery of NSR materials to Drilling Site 2014-2016...
Figure 4. Graph of Inventory Costs with Newsvendor Model (Source:...
Figure 5. Graph of Inventory Costs with Lot Size Reorder Point System...
Figure 6. Graph of Inventory Costs with Service Level in (Q, R) Systems...
+4 Summary of the average number of inventories, planning and actual use...
jjmie-70-18-01
Article
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  • Oct 2018
The main purpose of this article is to present the inventory control model to determine the most reasonable amount of stock. The amount of stock exceeding or less than the requirement gives adverse impact to the company. With the current inventory system Oil and Gas Services, companies often experience the amount of NSR (Neutron Source Radioactiv...
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Context 1
... Company can directly save up to USD 164,500 or 39.88% of the previous budget. The decrease in capital cost of material inventory can be seen clearly in Figure 5. ...