A Cost-based Model for Support of Decision-making about a Spare-parts Storage

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15310%2F14%3A33150888" target="_blank" >RIV/61989592:15310/14:33150888 - isvavai.cz</a>
Result on the web
<a href="http://mme2014.upol.cz/conference-proceedings" target="_blank" >http://mme2014.upol.cz/conference-proceedings</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
A Cost-based Model for Support of Decision-making about a Spare-parts Storage
Original language description
Results of a management decision, whether to establish or not to establish a spare-parts stock, reflect in company costs. This decision problem is often omitted by some companies which operate on a market of building constructions. The calculation of thespare-parts storage costs can be done in two ways. The first one is the analytical calculation based on costs of shortage and superuous inventory units. The second possibility is to use Monte Carlo simulation. The second way of the calculation will be described in detail because the first one is based on the well-known inventory model. Monte Carlo calculation can be done in four variations. Monte Carlo calculation and the interpretation of the results are presented in an example. Moreover, some possible decision-making rules are suggested. Some interesting features of the model are pointed out. At the end, some possibilities of further research in this field are stated.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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