Simulation approach in stock control of products with sporadic demand

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60461373%3A22340%2F10%3A00023474" target="_blank" >RIV/60461373:22340/10:00023474 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Simulation approach in stock control of products with sporadic demand

Original language description

Croston?s method and its modifications are the most commonly used methods in sporadic demand of product stock management systems. This method eliminates the drawbacks of classical exponential smoothing and secures sufficient stock levels during order lead time period. The disadvantage of Croston?s method is the fact that it solves only the question of the reorder point but does not solve the problem of restocking delivery volume and the mechanism of ordering. The questions are how to refill stocks and what level of restocking deliveries to implement in order to secure economic efficiency while still maintaining demanded service levels. One of the promising ways of solving stated problems is to apply the dynamic simulation method. The aim of this article is to introduce sporadic demand product stock management method based on dynamic simulation, which would offer simple and easily interpretable answers on basic questions connected to effective stock management.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

BB - Applied statistics, operational research

OECD FORD branch

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Project

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Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)<br>S - Specificky vyzkum na vysokych skolach

Publication year

2010

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomika a management

ISSN

1802-8934

e-ISSN

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Volume of the periodical

3

Issue of the periodical within the volume

3

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

15

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

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