Design of the stock replenishment system regarding distribution to minimize the risk of stock shortages with cost-effective spending and respect to stochastic demand

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F19%3A00001649" target="_blank" >RIV/75081431:_____/19:00001649 - 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
Design of the stock replenishment system regarding distribution to minimize the risk of stock shortages with cost-effective spending and respect to stochastic demand
Original language description
The aim of the paper is to design the complex stock replenishment system to ensure production and distribution process continuity with efficient cost-spending. In order to achieve the predetermined objective, the stock replenishment concept was designed for individual stock groups created according to the stochasticity of their consumption. To compare the existing inventory management models, the added value of the proposed stock replenishment system consists in determining the appropriate order quantity, order cycle duration as well as ordering time. To specify the optimal order quantity, the proposed stock replenishment system regarding distribution uses the EOQ model as well as suggests a specific order quantity calculation for selected stock group. The comprehensive stock replenishment system applicable to a specific portfolio of industrial and distribution plant inventories is the most significant outcome of this research study.
Czech name
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Czech description
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Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Transport Means - Proceedings of the International Conference
ISBN
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ISSN
1822-296X
e-ISSN
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Number of pages
5
Pages from-to
414-418
Publisher name
Kaunas University of Technology
Place of publication
Kaunas, Lithuania
Event location
Hotel GabijaPalanga; Lithuania
Event date
Oct 2, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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