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AMST’02 Advanced Manufacturing Systems and Technology pp 687–693Cite as

Time Lag Error of Inventory in Inflation

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Part of the book series: International Centre for Mechanical Sciences ((CISM,volume 437))

Abstract

An algorithm of real value of inventory in inflation has been made. The model is made taking into consideration International Accounting Standards. In this point of view this model is based on maintenance of financial capital principle. The computer program for simulation of real value of inventory is made for modern process planning of engineering components manufacture. The program is an autonomous entity, but it can be part of one general program. Mathematical model of inventory was made from historical costs analyze. For the big inflation rate real value of inventory outflow has to be calculated by using precise methods.

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References

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  8. Mrsa, J., Mathematical Modeling of Inventory In Inflation, Proceedings of MicroCAD ‘88„ ed. Jula Patko Miskolc, 1998.

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Author information

Authors and Affiliations

  1. Economic Faculty, University of Rijeka, Croatia

    J. Mrša

Authors
  1. J. Mrša
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Editor information

Editors and Affiliations

  1. University of Udine, Italy

    Elso Kulianic (Chairman) (Chairman)

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© 2002 Springer-Verlag Wien

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Mrša, J. (2002). Time Lag Error of Inventory in Inflation. In: Kulianic, E. (eds) AMST’02 Advanced Manufacturing Systems and Technology. International Centre for Mechanical Sciences, vol 437. Springer, Vienna. https://doi.org/10.1007/978-3-7091-2555-7_80

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  • DOI: https://doi.org/10.1007/978-3-7091-2555-7_80

  • Publisher Name: Springer, Vienna

  • Print ISBN: 978-3-7091-2557-1

  • Online ISBN: 978-3-7091-2555-7

  • eBook Packages: Springer Book Archive

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