Inventory Turnover Model
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Inventory Turnover
In business and finance, ITO is one of the parameters to represent the selling of inventory in or usage of inventory in a specific time like one year. The inventory turnover equation is equal to the products price divided by average inventory.
Model
An ITO model for MELROSE is as follows
One-dimensional Ito equation
dy = a(y) dt + dW (t) ----------equation (1)