Detection of Feasible Domains of Interpolation Parameters within Generalized EOQ Type Inventory Models
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F16%3A43930588" target="_blank" >RIV/49777513:23510/16:43930588 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Detection of Feasible Domains of Interpolation Parameters within Generalized EOQ Type Inventory Models
Original language description
The paper deals with some generalized inventory control models which are linked to the well-known EOQ model. There are dynamic periodic and deterministic represented by instantaneous replenishment in constant time periods. Opposite to EOQ models, the generalized models assume both demand rate and holding cost rate to be time-dependent along inventory cycle being normalized to unit length. The demand rate takes polynomial form, which is specified by particular interpolation conditions. Having particular model, we concern with feasible domain detection of interpolation parameters, which are used for construction of inventory level taking polynomial form of specified algebraic degree. Assuming instantaneous replenishment at the beginning of inventory cycle exclusively, the necessary condition of inventory level feasibility is expressed by condition that inventory level is non-increasing on inventory cycle globally. For various generalized inventory models, we investigate the feasibility domains of their interpolation parameters numerically using Mathematica. The results and some code snippets are presented and discussed in detail.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA15-20405S" target="_blank" >GA15-20405S: Modelling of processes on financial markets and prediction of firm default by real options</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
MME 2016 Conference Proceedings
ISBN
978-80-7494-296-9
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
271-276
Publisher name
Technical University of Liberec
Place of publication
Technical University of Liberec
Event location
Technical University of Liberec
Event date
Sep 6, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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