Modeling and Optimization of Inventory under Stochastic Demand in Uganda

Mathematical modeling and optimization is at the forefront of making optimal decisions in manufacturing health energy education and numerous other sectors of the economy. Quantitative approaches are continuously needed to assist managers policy makers and planners in various sectors at the local regional and global of the economy contexts. The study of inventory optimization undertaken can assist manufacturers supermarkets supply chain analysts and decision makers to investigate potential loopholes in operations in order to favorably compete and attain optimal cost-effective inventory levels that can sustain business operations.