Numerical Solution of the Inventory Balance Delay Differential Equation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F15%3APU113112" target="_blank" >RIV/00216305:26510/15:PU113112 - isvavai.cz</a>
Result on the web
<a href="http://journals.sagepub.com/doi/full/10.5772/60113" target="_blank" >http://journals.sagepub.com/doi/full/10.5772/60113</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5772/60113" target="_blank" >10.5772/60113</a>

Result language
angličtina
Original language name
Numerical Solution of the Inventory Balance Delay Differential Equation
Original language description
Inventory represents an essential part of current assets, which are typically characterized by their transience. This paper aims to outline a numerical solution of the inventory balance equation supplemented by an order-up-to replenishment policy for a case in which the problem is described by a differential equation with delayed argument. The results are demonstrated on a specific example and the behaviour of the model is presented using a computer simulation. The results are graphically shown in the Maple system. The solution makes use of the theory of functional differential equations, especially the part dealing with differential equations with delayed arguments.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50602 - Public administration

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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