Decision Support System for Determining Inventory and Sales of Goods Using Economic Order Quantity Methods and Linear Regression
Inventory control and sales are important activities for the company to run. Errors in determining the inventory of goods can cause swelling in operational costs so that the company experiences losses. To overcome this problem, a Decision Support System (DSS) is needed that can help make decisi...
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| Main Authors: | , , , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2020
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| Subjects: | |
| Online Access: | http://ur.aeu.edu.my/819/1/khaerul2020.pdf http://ur.aeu.edu.my/819/ |
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| Institution: | Asia e University |
| Language: | English |
| Summary: | Inventory control and sales are important
activities for the company to run. Errors in determining
the inventory of goods can cause swelling in operational
costs so that the company experiences losses. To overcome
this problem, a Decision Support System (DSS) is needed
that can help make decisions in determining inventory and
sales of goods. In this case, the researcher uses the
Economic Order Quantity (EOQ) EOQ provides a
reference regarding the number of purchases or orders of
goods with minimum cost. Meanwhile, to determine the
number of future sales, researchers used the Linear
Regression method, which looks at the relationship
between sales as a response variable and the sales period
as a predictor variable. The results of this study can be
used to estimate the amount of quantity each time order of goods and predict the number of sales in the next period. |
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