Automated application of inventory optimization

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27240%2F16%3A86098866" target="_blank" >RIV/61989100:27240/16:86098866 - isvavai.cz</a>
Alternative codes found
RIV/61989100:27740/16:86098866
Result on the web
<a href="http://link.springer.com/chapter/10.1007%2F978-3-319-45378-1_21" target="_blank" >http://link.springer.com/chapter/10.1007%2F978-3-319-45378-1_21</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/978-3-319-45378-1_21" target="_blank" >10.1007/978-3-319-45378-1_21</a>

Result language
angličtina
Original language name
Automated application of inventory optimization
Original language description
We present automated application of inventory optimization based on sales forecast. Inventory stock optimization is very required issue by companies recent years, however inventory models are based on the sales expectation. Therefore, the problem of optimizing inventory stock is divided into two parts, sales forecast and setting optimal inventory. We describe an automated solution to model selection for sales forecast and the inventory setting based on those predictions. In the end, we present our validation of the system through historical simulation. We compare simulations results against real inventory levels. Due to the large number of different length time series, this simulation was run in parallel on cluster and was parallelized in R. The algorithms were developed and tested on inventory time series from real data sets of the K2 atmitec company (Sales forecasting and inventory optimization are parts of ERP solution K2, which is provided by K2 atmitec s.r.o. company, http:// www.k2.cz/en/). (C) IFIP International Federation for Information Processing 2016.
Czech name
—
Czech description
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Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Computer information systems and industrial management : 15th IFIP TC8 International Conference, CISIM 2016 : Vilnius, Lithuania, September 14-16, 2016 : proceedings
ISBN
978-3-319-45377-4
ISSN
0302-9743
e-ISSN
—
Number of pages
10
Pages from-to
230-239
Publisher name
Springer
Place of publication
Heidelberg
Event location
Vilnius
Event date
Sep 14, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000388720000021

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