/Inventory-Optimization

A model for inventory optimization for uncertain demands

Primary LanguageJupyter NotebookMIT LicenseMIT

Inventory-Optimization

A model for inventory optimization for uncertain demands especially apparels.

The model is a python implementation of a excel model proposed in the book "The New Science of Retailing: How Analytics are Transforming the Supply Chain and Improving Performance"

The model has few improvements than the actual proposed model.It uses the gamma distribution technique as mentioned in the book. Key Assumptions - Buying is made among a group of people.Actual sales data and demand data is available.