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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

Transport Means - Proceedings of the International Conference

ISBN

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ISSN

1822-296X

e-ISSN

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Počet stran výsledku

5

Strana od-do

414-418

Název nakladatele

Kaunas University of Technology

Místo vydání

Kaunas, Lithuania

Místo konání akce

Hotel GabijaPalanga; Lithuania

Datum konání akce

2. 10. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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