Generalized inventory models of EOQ type and their implementation in Mathematica

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F16%3A43927172" target="_blank" >RIV/49777513:23510/16:43927172 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Generalized inventory models of EOQ type and their implementation in Mathematica

Popis výsledku v původním jazyce

The paper deals with generalized inventory control models which are linked to the well-known EOQ model. We present models assuming another than constant rate of demand within an inventory cycle. The demand rate takes polynomial form which is specified by particular interpolation conditions. These conditions give a chance to include various intermediate data to describe inventory level during the cycle in detail. Optimal replenishment lot size and optimal total cost per unit of time yielded from these models with different interpolating conditions are compared with similar quantities provided by classical EOQ model. Second, we discuss another model which allows both stock dependent demand rate and holding cost, which also allows deteriorating items under inventory to accept. This model uses maximization of an objective function on opposite to EOQ type models. We use Mathematica not only for numerical calculations but also for symbolic derivation of analytic formulae specific for models discussed.

Název v anglickém jazyce

Generalized inventory models of EOQ type and their implementation in Mathematica

Popis výsledku anglicky

The paper deals with generalized inventory control models which are linked to the well-known EOQ model. We present models assuming another than constant rate of demand within an inventory cycle. The demand rate takes polynomial form which is specified by particular interpolation conditions. These conditions give a chance to include various intermediate data to describe inventory level during the cycle in detail. Optimal replenishment lot size and optimal total cost per unit of time yielded from these models with different interpolating conditions are compared with similar quantities provided by classical EOQ model. Second, we discuss another model which allows both stock dependent demand rate and holding cost, which also allows deteriorating items under inventory to accept. This model uses maximization of an objective function on opposite to EOQ type models. We use Mathematica not only for numerical calculations but also for symbolic derivation of analytic formulae specific for models discussed.

Druh

D - Stať ve sborníku

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

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Projekt

<a href="/cs/project/GA15-20405S" target="_blank" >GA15-20405S: Modelování procesů na finančních trzích a predikce bankrotu firem aparátem reálných opcí</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Production management and Engineering Science

ISBN

978-1-138-02856-2

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

169-174

Název nakladatele

CRC Press/Balkema, Taylor and Francis Group

Místo vydání

2301 EH Leiden, The Netherlands

Místo konání akce

Tatranská Štrba, High Tatras, Slovak Republic

Datum konání akce

16. 4. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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