Detection of Feasible Domains of Interpolation Parameters within Generalized EOQ Type Inventory Models

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F16%3A43930588" target="_blank" >RIV/49777513:23510/16:43930588 - 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

Detection of Feasible Domains of Interpolation Parameters within Generalized EOQ Type Inventory Models

Popis výsledku v původním jazyce

The paper deals with some generalized inventory control models which are linked to the well-known EOQ model. There are dynamic periodic and deterministic represented by instantaneous replenishment in constant time periods. Opposite to EOQ models, the generalized models assume both demand rate and holding cost rate to be time-dependent along inventory cycle being normalized to unit length. The demand rate takes polynomial form, which is specified by particular interpolation conditions. Having particular model, we concern with feasible domain detection of interpolation parameters, which are used for construction of inventory level taking polynomial form of specified algebraic degree. Assuming instantaneous replenishment at the beginning of inventory cycle exclusively, the necessary condition of inventory level feasibility is expressed by condition that inventory level is non-increasing on inventory cycle globally. For various generalized inventory models, we investigate the feasibility domains of their interpolation parameters numerically using Mathematica. The results and some code snippets are presented and discussed in detail.

Název v anglickém jazyce

Detection of Feasible Domains of Interpolation Parameters within Generalized EOQ Type Inventory Models

Popis výsledku anglicky

The paper deals with some generalized inventory control models which are linked to the well-known EOQ model. There are dynamic periodic and deterministic represented by instantaneous replenishment in constant time periods. Opposite to EOQ models, the generalized models assume both demand rate and holding cost rate to be time-dependent along inventory cycle being normalized to unit length. The demand rate takes polynomial form, which is specified by particular interpolation conditions. Having particular model, we concern with feasible domain detection of interpolation parameters, which are used for construction of inventory level taking polynomial form of specified algebraic degree. Assuming instantaneous replenishment at the beginning of inventory cycle exclusively, the necessary condition of inventory level feasibility is expressed by condition that inventory level is non-increasing on inventory cycle globally. For various generalized inventory models, we investigate the feasibility domains of their interpolation parameters numerically using Mathematica. The results and some code snippets are presented and discussed in detail.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

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

MME 2016 Conference Proceedings

ISBN

978-80-7494-296-9

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

271-276

Název nakladatele

Technical University of Liberec

Místo vydání

Technical University of Liberec

Místo konání akce

Technical University of Liberec

Datum konání akce

6. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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